Baton Rouge-based Shoppers Value, a discount grocery store chain, filed for Chapter 11 bankruptcy protection.
The parent company and most of its affiliates operating the Baton Rouge-based Shoppers Value grocery store chain across south Louisiana have filed for Chapter 11 bankruptcy protection and reorganization.
“They plan to reorganize and continue operations,” said William Steffes, attorney at The Steffes Firm LLC in Baton Rouge.
Initial court filings were made in mid-November, with additional stores within the chain joining the bankruptcy proceeding this week, citing debt tied to the purchase and rebranding of six former Winn-Dixie locations in 2018, five of which have since closed.
Shoppers Value’s business model is touted as a 10% retail mark-up at the register on top of the wholesale price it pays for products, according to its website.
The parent company of Shopper’s Value owns and operates 12 grocery stores — more than half of which are in Baton Rouge — and one Food Depot in Bogalusa. It employs more than 600 workers across the Baton Rouge metro area, Lafayette, Bogalusa and Jefferson, records show.
Parent company JHJ Inc. and its affiliated businesses filing for bankruptcy on Nov. 15, with all seeking reorganization, are THG Enterprises LLC, T&S Markets, TSD Markets LLC, Baker Piggly Wiggly LLC, BR Pig LLC, Lafayette Piggly Wiggly LLC, SVFoods Old Hammond LLC and SV Foods Jefferson LLC.
On Dec. 23, SVFoods Avondale, SVFoods Harvey, SVFoods Little Pic, SVFoods Big Pic and SVFoods Westwego joined the bankruptcy filing.