May
02
Grocer Fairway Said to Prepare for Bankruptcy as Soon as Tonight
ByGrocery chain Fairway Group Holdings Corp. is preparing to file for bankruptcy protection as soon as tonight after reaching a deal with its senior creditors, according to people with knowledge of the matter.
The New York-based gourmet grocer will file its petition in the Southern District of New York, said the people, who asked not to be identified because the preparations are private. A majority of the company’s lenders have agreed to a prearranged restructuring plan that gives control to them after the bankruptcy, the people said…
Grocer Fairway Said to Prepare for Bankruptcy as Soon as Tonight
