Eagle Food Center Sells 19 Stores
MILAN, Ill. - The U.S. Bankruptcy Court for the Northern District of Illinois in Chicago last week confirmed the sale of 19 Eagle stores for an undisclosed sum, according to local press reports.
There are 21 Eagle stores still unsold. The parent company has extended its bid deadline for the property to Wednesday.
Eagle filed for Chapter 11 bankruptcy April 17.
Kroger, which purchased six stores from Eagle, said the stores would become part of its Central division, which currently operates 142 stores in Indiana, Illinois, Missouri, Ohio, and Michigan.
"These markets offer important growth opportunities for Kroger and added convenience for our customers, who can expect to see great prices, wider variety and many improved services," said Lisa Holsclaw, president of Kroger's Central division. "Kroger plans to interview Eagle employees and looks forward to their help in serving our new customers."
All the sales are expected to be completed by the end of the month.
Eagle Food previously operated 51 Eagle Country Market supermarkets in Iowa and Illinois.
There are 21 Eagle stores still unsold. The parent company has extended its bid deadline for the property to Wednesday.
Eagle filed for Chapter 11 bankruptcy April 17.
Kroger, which purchased six stores from Eagle, said the stores would become part of its Central division, which currently operates 142 stores in Indiana, Illinois, Missouri, Ohio, and Michigan.
"These markets offer important growth opportunities for Kroger and added convenience for our customers, who can expect to see great prices, wider variety and many improved services," said Lisa Holsclaw, president of Kroger's Central division. "Kroger plans to interview Eagle employees and looks forward to their help in serving our new customers."
All the sales are expected to be completed by the end of the month.
Eagle Food previously operated 51 Eagle Country Market supermarkets in Iowa and Illinois.