Earth Fare files for bankruptcy, day after announcing store closures
Based upon the filing Earth Fare could be sold to an interested party
ROANOKE, Va. – Natural food grocery chain Earth Fare filed for Chapter 11 bankruptcy on Tuesday.
This filing comes a day after the company announced it would be closing all 50 stores.
The company listed liabilities of $100 million to $500 million and assets of $100 million to $500 million.
The company also has an estimated 10,001-25,000 creditors.
Company officers may “enter into negotiation with any interested parties regarding a purchase of any or all of the assets of the company,” according to the filing.
Copyright 2020 by WSLS 10 - All rights reserved.