Aldi emerges as a bidder for 6 units and Publix looks to buy 5; operating stores also on the block
Lucky’s Markets, which last week said it would be closing 32 of its 39 stores, this week filed for protection under Chapter 11 of the U.S. Bankruptcy Code, seeking to facilitate a sale of all of its stores.
Batavia, Ill.-based discounter Aldi has already agreed to acquire six Lucky’s stores for an undisclosed price, and Publix Super Markets has agreed to buy five stores. Those deals will be subject to higher offers during the Chapter 11 process, Lucky’s said.
Read more by clicking below image