MESA, Ariz. -- While Megafoods Stores' Chapter 11 filing last week was influenced by many factors, three separate issues in particular played a big role in Megafoods' troubles, according to observers. The disagreement with its primary supplier, Fleming Cos., Oklahoma City, over terms of a new five-year supply agreement. That disagreement put into limbo the return of an estimated $7 million to $10 million from its working-capital deposit with the supplier. Megafoods here had earmarked those ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.