Southeastern Grocers to Close 94 Stores File 'Pre Packaged' Ch 11 as Part of Restructuring Agreement with Lenders


Following a months' long review of how to reduce its debts, Jacksonville-based Southeastern Grocers has chosen to file for Chapter 11 bankruptcy reorganization. As part of this restructuring, it has decided to close 94 underperforming stores across the South, 35 in Florida, 19 each in Georgia and South Carolina, 10 in Alabama, nine in North Carolina, and one each in Mississippi and Louisiana. "We have not taken these steps without careful planning...

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