Kroger takes $7B hit as Amazon deal compounds recent struggles
The biggest U.S. supermarket chain lost more than $7 billion in market value combined on Thursday and Friday, the biggest two-day loss for the company since December 1999.
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Suit alleging Kroger stores didn’t collect sales tax reverts to state court
A lawsuit alleging Kroger stores in Indiana have for years knowingly failed to collect and remit state sales tax on hundreds of non-exempt food items and other goods will be heard in state court after a judge denied the grocers’ bid to transfer the suit to federal court.
Grocery, retail stocks plunge on Amazon-Whole Foods deal
Investors worry that Amazon, which has wreaked havoc on department stores and other brick-and-mortar retailers, will do the same thing with groceries.
UPDATE: Amazon to acquire Whole Foods in $13.7B deal
Amazon.com Inc. plans to buy Whole Foods Market Inc. in the biggest transaction ever for the e-commerce giant as it pushes deeper into groceries.
Aldi spending $30M to revamp 22 area grocery stores
Aldi is doubling the amount of space it devotes to fresh produce; carrying fresh fish to complement its beef, steak and chicken offerings; expanding its wine selection and adding more shelves in its frozen food section.
Going-out-of-business sales start Thursday at 18 Marsh stores
Sales to liquidate inventory at the 18 stores that weren’t sold at auction to other grocers this week could last until early July, said a Marsh spokesman.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
CVS, owners of Lockerbie Marketplace object to Marsh store-sale plan
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
Proposed Marsh store sales set table for downtown free-for-all
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
Marsh locations slated for purchase by Ohio grocers include 12 in central Indiana
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
‘Numerous bidders’ pursue Marsh stores, likely setting stage for auction
The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
UPDATE: Marsh reports ‘numerous bidders’ for remaining stores
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.
Key deadline in Marsh sale passes without suitor surfacing
The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.
Marsh incentive plan awards key employees if stores are sold
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.
Marsh bankruptcy documents show Sun Capital no longer in control
Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.
UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection
The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.
Kroger plans timely job fair amid Marsh’s closing spree
Kroger said it didn’t plan the event to take advantage of the Marsh closings, but it welcomes the local grocery chain’s former employees. The grocer is looking to fill more than 300 positions.
Marsh plans to close all stores within 60 days if buyer isn’t found
The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
Experts: Endangered downtown Marsh locations attractive to competitors
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.