Court approves Marsh deals to sell 26 grocery stores

Court approves Marsh deals to sell 26 grocery stores

There was no mention in the paperwork, filed by Indianapolis-based Marsh as part of its Chapter 11 bankruptcy case in the state of DE of the fate of the 18 other stores on the block, the Star Press, in Muncie, Ind., reported.

The two Ohio-based grocery chains that agreed to purchase 26 stores from Marsh Supermarkets have reached a settlement with pharmacy giant CVS Health, getting them a step closer to finalizing the transaction totaling $24 million. Fresh Encounter operates several independent retail brands and acquired Remke Markets earlier this year. Marsh's pharmacy customers have been referred to nearby CVS locations.

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Damian Green , the former work and pensions secretary, was named first secretary of state - effectively the deputy prime minister. Aylesbury's MP has a new role this afternoon. "But I think that's what's important, I think that's what the public would expect".

It's unclear what will happen to the remaining stores that no one offered to buy.

Topvalco, a subsidiary of Kroger, would assume 11 Marsh leases in Indiana: Bloomington (2 stores), Brownsburg, Zionsville (2 stores), Greenwood, Muncie (2 stores), Indianapolis (W. Michigan Street) and Fishers.

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The drought-ridden state is one of several in India to have suffered from back-to-back crop failures in recent years. The Congress also sought imposition of central rule in Madhya Pradesh, saying that the state was in turmoil.

In court documents, Marsh argues that condition doesn't apply to a business that buys those stores, or in a bankruptcy situation generally.

The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 15 stores to Findlay-based Fresh Encounter parent Generative Growth LLC for about $8 million and 11 stores to Kroger Co. subsidiary Topvalco Inc. for $16 million.

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And the deal with Kroger and Fresh Encounter isn't sealed yet. They want to pay $8 million for the four Marshes left in OH and 11 other stores around Indiana.

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