In the ensuing 10 days, the real and imagined threats from coronavirus pandemic make it likely that we’re months away from Albertsons even beginning the process toward completing a public offering.
Fairway Market, Earth Fare and Lucky’s Markets have felt the gut punch of bankruptcy and future potential future liquidation over the past month.
Current owners Goldman Sachs Group and Brigade Capital Management have continued to provide little capital and even less direction since the “not like any market” retailer declared its first bankruptcy in 2016.
The company now operates 101 mega-units over eight states.
It was a record year for the retailer owned co-op based in Iselin, NJ.
Kroger is withdrawing from the area and Lidl also pulled out of an anticipated new store in Cary after the Rochester, NY-based chain first announced it was coming to eastern North Carolina.
The two team players will retire at the end of 2019 after spending much of their lives making the Rochester, NY-based retailer a better company.
The company is in the process of reviewing its strategic options to accelerate its transformation.