Southeastern Grocers Filing Prepackaged Chapter 11, Closing 94 Stores

Jacksonville, Florida-based Southeastern Grocers (SEG), parent company of Bi-Lo, Fresco y Más, Harveys Supermarket and Winn-Dixie stores, has entered into an agreement with creditors to restructure its debt through a prepackaged Chapter 11 bankruptcy filing. The agreement will give unsecured note holders ownership of the company by canceling the notes and exchanging them for equity in the company, reports the Jax Daily Record. The company is … Continue reading Southeastern Grocers Filing Prepackaged Chapter 11, Closing 94 Stores