SAN FRANCISCO — Andronico's Community Markets here has received a bid of $20 million from Renovo Capital, a Texas-based private investment firm, to buy the company and move it out of Chapter 11 bankruptcy protection. Renovo already owns $29 million of Andronico's secured debt and has loaned the company $5 million to enable it to operate through mid-October, a chain spokesman said. Two other potential buyers have expressed an interest in acquiring Andronico's, but the spokesman declined to ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.