the staff of the Ridgewod blog
Ridgewood NJ, KB US Holdings, Inc. (“KB or the Company”), parent company of the Kings Food Markets and Balducci’s Food Lover’s Market subsidiary banners, today announced it has accepted a stalking horse bid from TLI Bedrock to purchase the Company for $75 million. To facilitate an orderly sale, KB and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”).
Continue reading Parent Company of Kings Supermarket Accepts Purchase Bid, Files For Bankruptcy
