The parent company of Kings Food Markets and Balducci’s has filed for Chapter 11 bankruptcy, becoming the latest grocer to face financial challenges. KB US Holdings requested bankruptcy protection Sunday in federal court in White Plains, N.Y. The company has a $75 million buyout offer from New York investment firm TLI Bedrock, according to the Wall Street Journal. KB US Holdings bought Balducci’s in 2009. It operates 35 supermarkets — 25 Kings and 10 Balducci’s
source https://therealdeal.com/2020/08/25/bankruptcy-for-balduccis-kings-food-parent-company/
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