Fresh & Easy bankruptcy, liquidation
Fresh & Easy bankruptcy, liquidation
Fresh & Easy filed for Chapter 11 bankruptcy protection Friday, Oct. 30. The West Coast retailer is currently liquidating its stock and will be closing all of its nearly 100 stores.
The company said it owes 16,695 creditors between $100 million and $500 million, while its assets are between $10 million and $50 million.
"As part of our wind down process, we have filed for protection under the Chapter 11 bankruptcy code,” the company said on its website. "This will enable us to continue the orderly wind down of our business and sale of our assets, and enable us to maximize the value of our assets for our creditors and stakeholders."
Fresh & Easy had previously filed for Chapter 11 bankruptcy protection on Sept. 30, 2013, after which the company’s assets were acquired in a sale to Yucaipa Cos.