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, […]
Tag: Strack & Van Til
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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 […]