GREENVILLE, S.C. — Bi-Lo LLC and its creditors have separately filed official plans of reorganization in U.S. Bankruptcy Court here. Both Bi-Lo’s plan — sponsored by its owner, Lone Star Funds — and the creditor’s committee plan contemplate Bi-Lo continuing to operate as a going concern with a new infusion of cash, but they differ on how the retailer would manage potential litigation. “Today marks a significant milestone and an important next step in our restructuring efforts,” said Michael ...
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.