Birmingham-based Belle Foods announced Wednesday they will be selling
the companies remaining 44 stores in three states, including the Food World on
Rainbow Drive in Gadsden, as part of its bankruptcy case. Belle Foods said it had reached an agreement
to sell the stores as part of a financing deal with C&S Wholesale Grocers
Inc., its largest creditor. The company
filed for Chapter 11 bankruptcy protection this month. It had more than 2,800
employees at the time. Belle Foods has
stores in Alabama , Georgia and Mississippi operating under the names of Belle Foods, Food
World, Piggly Wiggly and Southern Family.
No comments:
Post a Comment