Winn-Dixie in Biloxi is closing along with 93 other stores in the region | The Sun Herald
Area grocery shoppers will continue to have the Winn Dixie store on Highway 39 as place to buy fresh meats and veggies, even as the business' corporate parent announced Thursday plans to close 94 "underperforming" stores in seven states.
Southeastern Grocers also owns Bi-Lo, Fresco y Mas and Harveys Supermarkets, and will continue to operate nearly 600 stores. "ORCRP012673-topic.html" class="local_link" >Publix, Wal-Mart and an increasing number of niche grocers including Lucky's Market and Sprout's.
Southeastern, which is based in Jacksonville, said it has reached a restructuring agreement with a group of creditors holding 80 percent of its debt, which comes due in September.
"This course of action enables us to continue writing the story for our company and our iconic, heritage banners in the Southeast". "We are excited to emerge with the optimal store footprint and greater financial flexibility to invest in Southeastern Grocers' growth".
Up to 200 stores could close as part of a bankruptcy filing, Bloomberg reported. Not all of the stores that are closing are Winn-Dixie stores.
Versace Is Going Fur-Free, Donatella Promises
Brands like Marni, which was born out of a family fur business, have a tougher line to tread. Italian fashion designer, Donatella Versace says FUR IS OVER! "Fur? I am out of that".
Spotify IPO set for April
He also confirmed that Spotify will announce financial guidance for Q1 2018 on March 26, the week prior to trading. Based on private transactions, it is valued at roughly $19bn, according to Reuters calculations.
Ben Yedder earns maiden France selection after stunning Pogba and Man Utd
Shakhtar Donetsk midfielder Fred and Barcelona's impressive centre-half Samuel Umtiti have been linked with a move to Old Trafford. "I want everybody to be happy in the world".
The company now has 23 stores in the Orlando area, including 10 with liquor stores.
Southeastern Grocers, the parent company of Winn-Dixie grocery stores, said it's in the process of restructuring that will save the company $500 million, but will force them to file bankruptcy and close 94 stores.
The company noted that 582 of its other "successful stores" will continue to operate throughout the process.
Chapter 11 gives a company the opportunity to reorganize its debt, and the company said, "It is our goal to work through our financial l restructuring as quickly and efficiently as possible and we expect to emerge within the next 90 days".
Recommended News
-
16 March 2018Telangana to present State Budget today
In a reflection of the priority given to irrigation in the budget, an amount of Rs 25,000 crore has been allocated to the sector. Rs 2,600 crore allocated for Telangana government's flagship programme 2 BHK housing project.Udall Statement On Ouster Of Tillerson, Intent To Nominate Pompeo And Haspel
The secretary of state landed back at Joint Base Andrews to have a member of staff inform him that the president had tweeted . Kevin de León made his own position clear, saying he would vote "no" on confirming Haspel if he were elected to the U.S.
15 March 2018Tamil Nadu Presents Deficit Budget, Expects Economy To Grow Next Fiscal
In addition to Rs 182 crore, the state has also allocated Rs 41.65 crore that had to come from the Centre for the project. -
16 March 2018Kremlin Says Ties With US 'Unlikely To Get Any Worse' Under Pompeo
It is likely that the disagreement over North Korea was simply the last straw that led to the break between Trump and Tillerson. Pompeo faces Senate confirmation hearings where he is expected to be asked about his approach toward Russian Federation .
16 March 2018Saudi Arabia Warns It Will Pursue Nuclear Weapons If Iran Does
Iran also signed the non-proliferation treaty, and has long insisted its nuclear programmes are for peaceful purposes only. Saudi Arabia, a key U.S. ally, has been a signatory to the Treaty on the Non-Proliferation of Nuclear Weapons since 1988.
15 March 2018New Orleans Saints owner Benson passes away
He and his wife Gayle changed the name to the Pelicans, a moniker once carried by the city's former minor league baseball team. They also invested in local companies like Dixie Beer, and TV and film production companies. -
16 March 2018Will Haspel Be Confirmed as CIA Director?
Tillerson's chief of staff and deputy chief of staff also submitted their resignations after their boss was sacked . Bush administration as well as National Security Agency Director Admiral Mike Rogers and others, according to CNN .
16 March 2018Two security men injured in ongoing Kashmir encounter
Khan's security guards returned the fire and in the brief shootout, one of his PSO Bilal Ahmad sustained bullet injuries in leg. The police official said that the firing exchanges have now stopped and searches were on in the area.
16 March 2018Syrian regime forces push into Ghouta rebel enclave
Despite the bombardment, on March 9 food aid is distributed in Douma, the largest town in Eastern Ghouta. Government forces have recently split the enclave in two and cut off the towns of Douma and Harasta. -
16 March 2018Turkish FM Cavusoglu postpones United States visit after Tillerson's dismissal
He also said Turkey expected Turkish forces and their rebel allies to clear Afrin of fighters "very soon". Washington has not confirmed the details of any such agreement.
16 March 2018Matt Damon Moving His Family to Australia over Trump's Policies
The actor's opposition to Trump won't come as a surprise to those who've been following along with his interviews. The reported move is not expected to impact any of his future projects, according to The Post .
15 March 2018Snuggie creators ordered to refund $7.2 million after misleading advertising
Refunds will also be issued for the Magic Mesh Door along with other "as-seen-on-TV" products. The Federal Trade Commission sued Allstar, alleging misleading advertising since 1999.
/cdn.vox-cdn.com/uploads/chorus_image/image/59043329/usa_today_10280520.0.jpg)
/cdn.vox-cdn.com/uploads/chorus_image/image/59046873/usa_today_9915659.0.jpg)
