Bankrupt grocer wants to sell two stores
Published: July 18,2013
Tags: bankrupt, bankruptcy, bankruptcy law, Belle Foods, bench, Columbus, court, grocer, grocery store, judge, judicial, judiciary, justice, law, legal, Meridian, Piggly Wiggly, sale, sell, Southern Family Market
COLUMBUS and MERIDIAN — Belle Foods is asking a federal bankruptcy judge to let it sale grocery stores in Meridian and Columbus.
The Southern Family Market in Columbus and a Piggly Wiggly store in Meridian plus 10 locations in Alabama are on the list for sale if an U.S. Bankruptcy judge in Alabama agrees.
The grocery corporation filed for Chapter 11 bankruptcy earlier this month and announced plans to close 13 stores by Aug. 3.
Company officials say they are trying to reconcile $42 million in debt with the moves.
Prior to the bankruptcy filing, Belle Foods operated 57 stores in Alabama, Georgia, Florida, and Mississippi.
The stores scheduled to remain open include the Piggly Wiggly in Starkville.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- Realtors chooses Nita Wingard
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- No debate, but Cochran and Childers lobby for votes for Senate
- Politics of paying for transportation: Hand wringing and a lot of talk
- Entergy agrees to cut $35M from its new rate plan
- MSU reminding fans that drones are prohibited at football games
- Kemper County plant will cost at least another $496M to complete
- Ford Foundation gives to UM for new science building