Lucky’s Market has entered into asset purchase agreements with Southeastern Grocers, Seabra Foods, and Hitchcock’s Markets to sell seven Florida locations, reports Progressive Grocer. Southeastern Grocers will buy stores in Naples, Fort Meyers, Gainesville, Lake Mary, and Melbourne and convert them to the Winn-Dixie banner. Seabra Foods will buy the Hunters Creek location, and Hitchcock’s Markets will buy the St. Petersburg stores.
The agreements are subject to court approval and an overbidding process. PJ Solomon, a New York-based investment M&A bank continues to help Lucky’s with these sales. Full Story
Related: Lucky's Market to Continue Under Founders; Lucky's Market Files for Chapter 11 Bankruptcy.
from Specialty Food News https://ift.tt/2ug564A
Lucky's Market Continues to Sell Stores
![Lucky's Market Continues to Sell Stores]()
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February 06, 2020
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