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Business
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
Heller’s Shoes To Close After More Than Half-Century In Mount Kisco Heller’s Shoes To Close After More Than Half-Century In Mount Kisco
Heller’s Shoes To Close After More Than Half-Century In Mount Kisco This story has been updated. Sadly, another Westchester retail legacy is coming to an end. Heller's Shoes on South Moger Avenue in Mount Kisco is closing after it was founded 57 years ago by current owner Larry Heller. The store's closure, scheduled for sometime in June, comes a few years after Heller's closed its popular decades-old shoe store in Pleasantville. Growing competition online and from large chains are the main reasons for the closures. While Heller's may soon be gone, it won't be forgotten, as evidenced by the remembrances from some loyal customers. Tom Bock of Elmsford told…

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by Jon Craig