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Parent Company Of Balducci’s, Kings Food Markets Files For Bankruptcy Parent Company Of Balducci’s, Kings Food Markets Files For Bankruptcy
Parent Company Of Balducci’s, Kings Food Markets Files For Bankruptcy KB US Holdings, the parent company of Kings Food Markets and Balducci’s Food Lover’s Market, which has locations throughout the region, has filed for Chapter 11 bankruptcy amid the COVID-19 pandemic. The company announced this week that “it has accepted a stalking horse bid from TLI Bedrock to purchase the company for $75 million.” To facilitate the sale, KB and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York. Kings currently operates 25 specialty supermarkets, including 23 in New Jerse…

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by Zak Failla
Business
COVID-19: FreshDirect To Sell Prepared Meals From Restaurant Associates COVID-19: FreshDirect To Sell Prepared Meals From Restaurant Associates
Covid-19: FreshDirect To Sell Prepared Meals From Restaurant Associates In an effort to bolster restaurants negatively impacted by the novel coronavirus (COVID-19) outbreak, FreshDirect announced it is teaming with a dining management company to sell prepared meals, bringing some employees back to work. FreshDirect announced it has joined forces with Restaurant Associates, which will enable the company to serve more customers with a rotating selection of heat-and-eat meals while bringing furloughed employees back to work. The online grocer stated that “the alliance expands its offerings in the prepared food category, allowing the company to serve more customers…

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by Zak Failla