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


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