Fairway files for bankruptcy with a plan to keep some stores open [CNNMoney.com]
Village Super Market, Inc. - Class A (VLGEA)
US:NASDAQ Investor Relations:
villagesupermarkets.com/morris/investor-relations.html
Company Research
Source: CNNMoney.com
Fairway files for bankruptcy with a plan to keep some stores open New York (CNN Business) Fairway Market, the New York grocery staple known for its gourmet food and packed stores, said Thursday that it filed for bankruptcy with a plan to sell five stores. Fairway, which has 14 stores, entered into what's known as a stalking horse agreement with Village Super Market, the owner of ShopRite, to sell up to five New York stores and a distribution center for $70 million. Other companies are allowed to make bids on Fairway's assets during the court-run process. The company will continue to negotiate to sell its remaining stores, it said. Fairway CEO Abel Porter said in a statement that a sale is the best way to preserve jobs and position Fairway for "long term success under new ownership." America's new favorite restaurants are Wawa, Sheetz and 7-Eleven This is Fairway's second bankruptcy in four years. In 2013, Fairway went public, but its stock quickl
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VLGEA
News
- December 14 - FDI Weekly Review [Forbes]Forbes
- Village Super Market, Inc. Declares Quarterly DividendGlobeNewswire
- VLGEA's Q1 EPS Up 10% Y/Y, Digital Sales Drive 4% Revenue Growth [Yahoo! Finance]Yahoo! Finance
- Village Super Market First Quarter 2025 Earnings: EPS: US$0.87 (vs US$0.78 in 1Q 2024) [Yahoo! Finance]Yahoo! Finance
- Village Super Market, Inc. Reports Results for the First Quarter Ended October 26, 2024 [Yahoo! Finance]Yahoo! Finance
VLGEA
Sec Filings
- 12/16/24 - Form 8-K
- 12/4/24 - Form 10-Q
- 10/28/24 - Form ARS
- VLGEA's page on the SEC website