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Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy

Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy

The company will close 94 underperforming stores

NoDerog / istockphoto.com

It’s because of Winn-Dixie — and we aren’t talking about the children’s novel-turned-movie. Southeastern Grocers — the parent company of Winn-Dixie, Bi-Lo, Fresco y Más, and Harveys supermarkets — has announced plans to close nearly 100 underperforming stores and file for Chapter 11 bankruptcy by the end of March.

“The agreement we announced today is an important step in Southeastern Grocers’ transformation to put our company in the best position to succeed in the extremely competitive retail market in which we do business,” Southeastern Grocers president and chief executive officer Anthony Hucker said in a release. “With a foundation built on iconic, heritage banners, and with the strong support of our leadership team, we will work through this process as quickly and efficiently as possible. We are excited to emerge with the optimal store footprint and greater financial flexibility to invest in Southeastern Grocers’ growth.”

A total of 94 stores will close in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina. The remaining 582 locations will continue to operate.

The restructuring is expected to reduce the company’s overall debt levels by over $500 million and allow the business to reinvest in store remodels and new locations.

Although its parent company is in financial trouble, Bi-Lo is still beloved in South Carolina — the chain made it onto The Daily Meal’s list of best grocery stores in every state.


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


Winn-Dixie Parent Company to File for Chapter 11 Bankruptcy - Recipes

If you shop at Winn-Dixie, Bi-Lo, Harveys Supermarket or Fresco y Más grocery stores, your local store could be closing soon. That's because Southeastern Grocers LLC, their parent company, has just filed for Chapter 11 bankruptcy in U.S. bankruptcy court.

In this "prepackaged" filing, Southeastern arrives before the court having already secured a deal with its major creditors that will allow for its reorganization and reduced debt payments. A prepackaged filing streamlines the legal process, making it both less expensive and faster, because negotiations with creditors have already taken place and simply require court approval.

If Southeastern's bankruptcy is approved, the company, which has more than 51,000 employees, will be owned by its creditors in exchange for reducing its debt by about $500 million. It will close at least 85 stores and sell 33 more, keeping 581 stores open, and possibly opening new ones in the future. The company buys 70 percent of its stock from C&S Wholesale Grocers, which has agreed to an extended payment plan that will give Southeastern some liquidity to get through the bankruptcy.

Both Winn-Dixie and Bi-Lo have been through bankruptcy reorganization before, Bi-Lo in 2009 and Winn-Dixie in 2005-2006, after which it was acquired by Bi-Lo. As this history suggests, it seems to be harder and harder to remain profitable as a traditional grocery store in today's America. Southeastern's bankruptcy filing explains that the company faces obstacles competing for high-end customers seeking out "what used to be considered difficult-to-find" natural, organic and gluten-free foods. At the mid level, it faces fierce price competition from competitors with more liquidity, combined with deflating food prices that cut into profit margins. At the low end, it suffered from reductions to the Supplemental Nutrition Assistance Program (formerly called Food Stamps).


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