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Grocery chain Haggen wheels into Chapter 11

Sep 09, 2015 - The Deal Pipeline
Mergers and Acquisitions

The speedy expansion of regional grocery store chain Haggen Inc. has failed, forcing the private equity-backed company to file for Chapter 11 protection. The Bellingham, Wash., grocery chain and five affiliates on Tuesday, Sept. 8, submitted petitions in the U.S. Bankruptcy Court for the District of Delaware in Wilmington with plans to either reorganize around their profitable core grocery stores or sell their business as a going concern.

Judge Kevin Gross has scheduled a Thursday h...