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Haggen to sell remaining grocery stores

By   /  Monday, March 14th, 2016  /  Latest news  /  Comments Off on Haggen to sell remaining grocery stores

And then there were none. Albertsons plans to purchase 29 of 32 Haggen’s “core stores” in Oregon and Washington for a “base amount” of about $106.2 million, according to a March 11 bankruptcy filing. Haggen plans to sell its three remaining locations over the next 60 days. In less than a year and a half, Read More →

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Haggen, Fresh & Easy closings leave Tri-Counties up for grabs

By   /  Friday, October 30th, 2015  /  Latest news, Top Stories  /  Comments Off on Haggen, Fresh & Easy closings leave Tri-Counties up for grabs

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Dubroff: Obama administration’s anti-trust efforts failing in Tri-Counties

By   /  Friday, October 30th, 2015  /  Columns, Latest news  /  Comments Off on Dubroff: Obama administration’s anti-trust efforts failing in Tri-Counties

Monopoly is a fun game — as long as you’re the winner. And so it is in the actual game of business, where monopoly has become the all-too-frequent outcome of mergers and acquisitions. It happened just a few months ago in the grocery business. Office supplies and pharmacies could be next. The grocery saga is Read More →

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Bankruptcy court OKs sale of Haggen stores in Tri-Counties

By   /  Tuesday, October 20th, 2015  /  Latest news, Top Stories  /  Comments Off on Bankruptcy court OKs sale of Haggen stores in Tri-Counties

This Haggen store in Santa Barbara is among 23 that are closing in the Tri-Counties.

  Haggen will be able to sell all of its stores in California, Arizona and Nevada, including 36 to Smart & Final and Gelson’s Markets, a Delaware bankruptcy court ruled. Smart & Final and Gelson’s got the first pick of the 127 shuttering Haggen stores. Commerce-based grocer Smart & Final signed a deal for 28 Read More →

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Haggen lines up buyers for 10 stores in Tri-Counties

By   /  Monday, October 5th, 2015  /  Latest news, Top Stories  /  Comments Off on Haggen lines up buyers for 10 stores in Tri-Counties

This Haggen store in Santa Barbara is among 23 that are closing in the Tri-Counties.

  Haggen is looking to sell some of its soon-to-be vacant stores in the Tri-Counties to Gelson’s Markets and Smart & Final pending bankruptcy court approval, the company announced Oct. 5. Gelson’s and Smart & Final got the first pick of 127 shuttering Haggen stores. The high-end Encino-based grocer Gelson’s signed an asset purchase agreement Read More →

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Haggen store closings taking toll in Tri-Counties

By   /  Friday, October 2nd, 2015  /  Latest news, Top Stories, Tri-County Economy  /  Comments Off on Haggen store closings taking toll in Tri-Counties

This Haggen store in Santa Barbara is among 23 that are closing in the Tri-Counties.

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Goodbye to Haggen grocery stores

By   /  Friday, October 2nd, 2015  /  Op/Eds  /  Comments Off on Goodbye to Haggen grocery stores

Wikipedia states that strategic bankruptcy occurs when an otherwise solvent company makes use of the bankruptcy laws for a specific business purpose.  An example of this was in 2002 when Kmart filed a Chapter 11 bankruptcy. Kmart had a severe cash flow problem because it was locked into long-term leases at premium rates with respect Read More →

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