DansDeals Forum > Just Shmooze
Seasons supermarkets files for bankruptcy
tzifanya54:
https://commercialobserver.com/2018/09/saddled-with-42m-in-debt-seasons-kosher-supermarket-files-for-bankruptcy/
I hope they find a buyer.
mmgfarb:
Crazy
Eliyohu:
Last I heard GG and KRM were the top bidders.. a few weeks ago there was some investors trying to buy it but wanted to take it piece meal...
From a couple weeks ago..
http://thekosherguru.com/seasons-come-and-go
churnbabychurn:
--- Quote from: Eliyohu on September 17, 2018, 09:12:16 PM ---Last I heard GG and KRM were the top bidders.. a few weeks ago there was some investors trying to buy it but wanted to take it piece meal...
From a couple weeks ago..
http://thekosherguru.com/seasons-come-and-go
--- End quote ---
What is "it" anyway? A brand?
My perspective it's a grocery store, so what's to buy? If krm for eg wants to take over the leases fine. But they have their own suppliers, and I can't imagine the inventory is the big question.
tzifanya54:
--- Quote from: churnbabychurn on September 17, 2018, 10:51:38 PM ---What is "it" anyway? A brand?
My perspective it's a grocery store, so what's to buy? If krm for eg wants to take over the leases fine. But they have their own suppliers, and I can't imagine the inventory is the big question.
--- End quote ---
Leases, employees, current in store providers of fish, meat, bakery, takeout...customer base, etc... There is deffinetly something to be said about buying an existing operation... Issue is its probably worth a whole lot less than they owe...
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