BIRMINGHAM, Ala. — Citing a tightening credit market and a soft economy, Bruno’s Supermarkets here filed for protection under Chapter 11 of the U.S. Bankruptcy Code Thursday. The chain concurrently appointed Jim Grady, a senior director with the advisory firm Alvarez & Marsal, as its chief restructuring officer, effective immediately. Grady replaces Kent Moore, the company’s CEO since October 2007, who recently resigned to pursue other opportunities. Bruno’s operates 66 supermarkets ...
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.
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.