Haggen Holdings authorized by court to continue store-closing sales

By Caroline Salls

Pittsburgh, Sept. 11 – Haggen Holdings, LLC received court approval to continue and conduct store-closing sales, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, Haggen said it intends to reorganize around, or sell as a going concern, its core stores for the benefit of its creditors.

Unlike the core stores, the company said many of the recently acquired stores are unprofitable and represent a negative cash drain on the debtors’ business.

The court said Friday’s order does not cover sale procedures. A further hearing is scheduled for Sept. 24.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8. The Chapter 11 case number is 15-11874.

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