NORFOLK, Va. -- Farm Fresh here said last week it has just under a year to decide what course to take to extricate itself from its debt burden.
Ron Johnson, president and chief operating officer, said the ultimate deadline for any decision on the chain's long-term future is April 1, 1998, when the company will have to make a cash payment of more than $19 million.
However, high-yield securities analysts and other observers contacted by SN said a decision is more likely to come by Oct. 1, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.