BALTIMORE -- Valu Food here said it has filed for Chapter 11 reorganization. The regional chain also secured $2 million in financing from its primary wholesaler and hopes to parlay that loan into viability. The retailer will use the money to implement a six-month plan that Lewis Denrich, Valu Food president, said he believes will lead to viability. The loan, secured by a lien on Valu Food's inventory, was made by Supervalu Operations here, a wholly owned subsidiary of Minneapolis-based ...

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 a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.