Fairway Market has filed for Chapter 11 bankruptcy protection, a day after refuting reports that it was planning to close all its stores. The company said Thursday it had entered into an agreement with Village Super Market to sell up to five New York City stores and the company’s distribution center for about $70 million. The deal was characterized as a “stalking horse” agreement, which means other businesses could also put in bids on the
source https://therealdeal.com/2020/01/23/fairway-market-files-for-bankruptcy-plans-to-sell-stores/
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