Haggen is pushing back an auction of its core Pacific Northwest stores for the third time, to March 11.
Maybe the third time’s the charm.
Haggen is pushing back an auction of its core Pacific Northwest stores for the third time.
A filing with a bankruptcy court in Delaware noted that the auction, previously scheduled for Monday, will now be held March 11.
Same place, same time: 9 a.m. at the New York offices of law firm Stroock & Stroock & Lavan.
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After its newly acquired West Coast supermarket empire ran into trouble last year, Haggen declared bankruptcy and sought to shrink itself into a profitable number of stores in its native Pacific Northwest.
But in order to satisfy its lenders, it needs to explore any opportunities it can to raise cash, including the auction of those core stores.