As Winn-Dixie’s parent company files for bankruptcy, 94 stores are said to be closed.
Southeastern Grocers, which is a parent company of grocery stores operating in seven states, including Winn-Dixie, announced its decision on Thursday. The stores that are planned to be closed are described as underperforming.
The company says it has reached an agreement with “key economic stakeholders” allowing it to enter a Restructuring Support Agreement. To this end, Southeastern Grocers has filed for Chapter 11 bankruptcy. In doing so, the company is pursuing an objective of reducing debt and bolstering the “long-term health” of their business.
At the same time, the company has stressed that it will go on thriving with its other 582 successful stores.