Haggen

HAGGEN FILES FOR BANKRUPTCY TO REORGANIZE AROUND FEWER STORES, PROFITABLE LOCATIONS

 

East County News Service

September 14, 2015 (San Diego’s East County)—Haggen, a major West Coast regional grocer, has announced plans to reorganize around its core profitable stores by filing voluntary petitions for reorganization under Chapter 11 bankruptcy. The company has received commitments for up to $215 million in debtor-in-possession (DIP) financing from its existing lenders to maintain operations and the flow of merchandise to its stores during the sale process.