SAN FRANCISCO — The sale of Andronico's Community Markets here to a Texas-based investment group was scheduled to close last week after receiving approval from the U.S. Bankruptcy Court a week earlier. The price of the sale is approximately $16 million — roughly $4 million less than the original bid, a court-appointed spokesman for the retailer told SN. He said the new owner — Renovo Capital, Dallas — is expected to retain existing management, including Bill Andronico, grandson of the ...
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