The bankruptcy trustee for Central Grocers has filed numerous lawsuits against the company’s vendors seeking to have them disgorge tens of millions of dollars. These lawsuits are called “preference actions” in the bankruptcy world. Attorney Kurt Carlson, who concentrates his practice on representing clients in litigation, corporate transactions, commercial bankruptcy, restructurings and creditors’ rights, recently […]
Tag: Central Grocers
Posted inRecommended Reading, Home Page Slider, Independent Store News, Midwest, Wholesaler/Distributor News
Recommended: Suit Filed Against Former Central Grocers Directors
A bankruptcy trustee has sued the former officers and directors of Central Grocers, once the largest grocery cooperative in the Chicago area and a wholesaler to hundreds of local retailers, for allegedly making self-interested decisions that drove the company into the ground. The suit, filed Tuesday [Nov. 19] in Chicago federal court, names 20 defendants, […]
Posted in, Home Page Latest News, Industry News, Midwest, Wholesaler/Distributor News
Wind-Down Sale Under Way At Central Grocers
Inventory of Central Grocers, a retailer-owned cooperative that operated as a wholesaler for approximately 400 independent grocery stores before filing for Chapter 11 bankruptcy in May, is being liquidated “through an orderly wholesale wind-down sale” at the company’s headquarters and distribution center in Joliet, Illinois. More than $20 million of dry grocery products, frozen foods and […]
Posted in, Corporate Store News, Home Page Latest News, Independent Store News, Industry News, Midwest, Store News
Central Grocers Selling Strack & Van Til, Closing Nine Ultra Foods Stores
Twenty-two Strack & Van Til stores will be sold and nine Ultra Foods locations closed. The Northwest Indiana Times reports that parent company Central Grocers, based in Joliet, Illinois, is working toward a sale. The plan is to sell the 22 stores as “going concerns,” Strack & Van Til President and CEO Jeff Strack said […]