Supermarket chain Winn-Dixie may be headed back to bankruptcy

The supermarket chain's parent company plans to close nearly 200 stores before or after filing for bankruptcy as soon as March

Miami /
Feb.February 17, 2018 12:00 PM

Winn-Dixie store at 3805 NE 163 Street in North Miami Beach (Credit: Yelp.com)

The corporate parent of supermarket chain Winn-Dixie may file for bankruptcy as soon as March.

Bloomberg also reported that the Winn-Dixie’s corporate parent Bi-Lo LLC plans to close nearly 200 of the supermarket chain’s locations either before or after filing for bankruptcy.

In previous corporate incarnations, the Winn-Dixie business declared bankruptcy in 2009 and 2005, and Bi-Lo still may engineer a debt restructuring that would preclude a third bankruptcy filing, Bloomberg reported.

Bi-Lo is struggling to repay more than $1 billion of debt in connection with its 2005 acquisition of Lone Star Funds. Bi-Lo and its creditors have discussed a potential swap of debt for equity and asset sales.

The supermarket business has become more competitive as Wal-Mart and other big-box retailers vie for grocery sales along with online retailer Amazon, which bought the Whole Foods supermarket chain last year.

A representative of Southeastern Grocers, the Jacksonville-based parent company of Bi-Lo, did not respond to Bloomberg’s request for comment.

Southeastern Grocers also operates the Fresco Y Mas and Harvey’s supermarket chains. [Bloomberg] – Mike Seemuth


Related Articles

arrow_forward_ios
Fuse Group CEO Eyal Peretz and Metronomic's Ricky Trinidad with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic)
Bankruptcy judge paves way for Metronomic property auction
Bankruptcy judge paves way for Metronomic property auction
CMX emerges from bankruptcy after filing in April (Getty, Wheeling Town Center)
Encore: CMX Cinemas parent emerges from bankruptcy
Encore: CMX Cinemas parent emerges from bankruptcy
Josh Zegen of Madison Realty Capital and 777 North Ocean Drive, Hollywood (Google Maps)
Madison Realty closes on Costa Hollywood Beach condos for $43M
Madison Realty closes on Costa Hollywood Beach condos for $43M
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)
Miami developer Metronomic files for bankruptcy
Miami developer Metronomic files for bankruptcy
Founder and CEO of IT'SUGAR Jeff Rubin, and BBX CEO Alan Levan (Credit: Denise Truscello/Getty Images)
It’Sugar files for bankruptcy protection after sales sour
It’Sugar files for bankruptcy protection after sales sour
A Toojay's Deli location (Google Maps)
Lender acquires TooJay’s out of bankruptcy
Lender acquires TooJay’s out of bankruptcy
777 North Ocean Drive, Hollywood (Credit: Google Maps)
Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos
Bankruptcy judge approves Madison Realty’s purchase of Costa Hollywood Beach condos
TooJay’s (Credit: Google Maps)
Popular Florida deli chain TooJay’s files for bankruptcy
Popular Florida deli chain TooJay’s files for bankruptcy
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...