Struggling grocer Haggen is pushing back the auction of its core Pacific Northwest stores to February 22. It’s the second delay for the auction in a month.
Struggling grocer Haggen is pushing back the auction of its core Pacific Northwest stores once again, to February 22.
The auction was previously scheduled for Thursday. The event will take place at 9 a.m. Eastern time at the New York offices of Stroock & Stroock & Lavan, a law firm, according to court filings.
It’s the second delay for the auction in a month. Haggen didn’t return a request for comment.
When it shed most of the stores it had acquired from Albertsons and Safeway earlier this year, Haggen said it would retreat to a profitable core of Pacific Northwest locations.
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But an agreement with the company’s lenders requires it to explore any opportunities to raise cash by selling those core stores as well.