A regional supermarket chain just filed for bankruptcy despite surging grocery sales - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A regional supermarket chain just filed for bankruptcy despite surging grocery sales

KB US Holdings, the owner of Kings Food Markets and Balducci's, has filed for bankruptcy.

KB US Holdings, the parent company of the two supermarket chains, said in court papers that the pandemic-fueled sales boost has provided "a brief respite from its liquidity challenges." "Accordingly, it is more critical than ever for the Debtors to execute their sale strategy expeditiously and continue as a going concern to save jobs and supply their communities with necessary good," the company said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They know bankruptcy will erase all debt and liabilities! After that, they can restart their business as if nothing happened! One of the greatest loopholes for filing bankruptcy!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best Buy saw a 242% surge in online sales, as shoppers turned to ecommerce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

DoorDash has launched its grocery delivery service in select regions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Very clever and is the future .
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pandemic paves way to chains to 'swallow up' independent restaurants - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. More eating at home, in the future. Stop stealing my brilliant observations The dirty globalist reset.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir publicly filed for an IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir is said to ready S-1 filing as soon as Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asana just filed its S-1 to go public via a direct listing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What makes asana unique versus SlackHQ zoho etc? im bullish AF
Source: BusinessInsider - 🏆 729. / 51 Read more »