PROVIDENCE, R.I. -- Almacs Supermarkets has filed a proposed reorganization plan and a related disclosure statement here in U.S. Bankruptcy Court for the District of Rhode Island that would give union employees a 20% ownership stake in the company. m Chapter 11 "a stronger, more viable competitor." Almacs, based in East Providence, filed for Chapter 11 bankruptcy protection last August. Since then it has been operating what Ireland called "a profitable core of 26 stores" in Rhode Island ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.