LITTLE ROCK, Ark. -- Harvest Foods here made history when it breezed through the court portion of a prepackaged Chapter 11 in only 16 days. According to Ken Branch, chief financial officer of the 54-unit chain, "Harvest's edge in completing its financial reorganization was that we got agreement from the banks first before we went to the bondholders." As a result, the company's prepackaged Chapter 11 took 85 days from its inception in October until its completion on Dec. 19, including only 16 ...
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.