Winn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy

[Applewood]

Winn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy

Two U.S. supermarket chains are readying bankruptcy filings, according to people with knowledge of the matter, a sign of the mounting pressures in the grocery industry.


Bi-Lo LLC, the company behind the Winn-Dixie chain, is preparing for a filing as soon as March, according to the people, who asked not to be identified because the process isn’t public. The owner of Tops Friendly Markets, meanwhile, could potentially seek court protection from creditors as soon as this month, people familiar with that situation said.

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More at:

https://www.msn.com/en-us/money/companies/winn-dixie-and-tops-owners-are-said-to-prepare-for-bankruptcy/ar-BBJeV3y?li=BBmkt5R&ocid=spartandhp

[jmyrlefuller]

Wow.

Tops is the big grocery chain around where I live. They own a lot of small-town stores. Their prices are quite high, though, and Dollar General's been making inroads into their territory. It's wrought havoc on the independent stores and now it appears Tops (which I might add is a union store BTW) is headed in the same direction.