TITLE

Belle Foods to Sell All Stores; C&S Takes Over

AUTHOR(S)
Springer, Jon
PUB. DATE
July 2013
SOURCE
Supermarket News Expert Blog;7/24/2013, p5
SOURCE TYPE
Blog Entry
DOC. TYPE
Article
ABSTRACT
The article discusses the plan of U.S. supermarket Belle Foods to sell all of its remaining 44 stores as part of an agreement with its creditor, supplier C&S Wholesale Grocers, following its filing for bankruptcy protection in July 2013. It notes that Belle operated 57 stores when it filed for Chapter 11. The plan is said to be part of a financing package with C&S to repay its 33.3 million dollar debt and provide working capital to continue operating the stores through October 4, 2013.
ACCESSION #
89725694

 

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