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Haggen Auction Postponed Until Feb. 11

2/3/2016

The auction for Haggen's remaining 33 core stores will be pushed back to Feb. 11, according to a document filed on Tuesday in bankruptcy court in Delaware.

Originally scheduled for Friday, Feb. 5, the auction will now take place the following Thursday in the New York City offices of Stroock & Stroock & Lavan.  

The document did not give reason for the postponement, and Haggen did not respond to a request for comment.

Following its bankruptcy filing in the fall of 2015, Haggen began to incrementally divest its 146 stores -- the majority of which were acquired as a result of the Safeway-Albertsons merger -- exiting the Pacific Southwest in late September in an effort to focus more on its profitable locations. The company announced plans to sell its remaining stores on Nov. 10.

On Jan. 22, the Bellingham, Wash.-based grocer received a $5.75 million cash settlement from Albertsons, in response to the $1 billion that Haggen was seeking as a result of a lawsuit it had filed, alleging fraud.

 

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