The sale doesn’t mean that the Haggen banner will disappear. Anyone could buy the stores, they could be partitioned, or all or some of them could remain in the hands of Comvest, the Florida private equity firm that currently owns the Bellingham grocer.

Share story

Haggen says it will hold an auction for its core Pacific Northwest stores on Feb. 5, after a bankruptcy judge in Delaware gave the green light to the bidding process proposed by the struggling grocer and its advisors.

Haggen’s plans to hold an auction for its 32 core stores were announced to the court last month, initially proposed for January 8.

The company says an agreement with its lenders requires it to explore “potential outside opportunities for all its operations,” including the core stores that Haggen says are profitable and that it hoped to turn into a stronghold after the precipitous failure of its plan to conquer the U.S. Southwest.

The sale doesn’t mean that the Haggen banner will disappear. Anyone could buy the stores, they could be split among several parties, and all or some of them could remain in the hands of Comvest, the Florida private equity firm that currently owns the Bellingham grocer.

The list filed with the court includes 32 stores and one standalone pharmacy in Washington and Oregon, from Woodinville to Redmond and Oregon City to Eugene.

The deadline for bids is January 29, 2016, at 5 pm Eastern time. The deadline for objections to the sale is the same.