The lone Fairway store slated to close is Lake Grove location on Long Island, according to Crain's New York.
Fairview was successful in convincing lenders to acquire equity in exchange for cutting borrowings in half, Crain's said.
The reorganized company's new board of directors includes the president of Rite Aid and a former Whole Foods senior executive, the report said.
Click here to view the Crain's New York report.
Click here to follow Daily Voice Armonk and receive free news updates.