Another grocery retailer, Save A Lot, is closing some area stores.
The discount grocery chain closed at least three stores in Northeast Florida since December.
Those are in Southgate Plaza and the Edgewood Avenue Shopping Center in Jacksonville and at Tuesday Morning Plaza in Orange Park.
To read the rest of the story, please go to: Jacksonville Daily Record
Save A Lot has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the Company’s operations and the acceleration of its business transformation plan. …
Save-A-Lot’s Canadian owner recently told investors it has had interest from “multiple strategic partners” interested in buying the discount grocery chain. …
Save A Lot, a U.S. discount grocer, today announced that it has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the Company’s operations and the acceleration of its business transformation plan. …
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