The parent company of Winn-Dixie is considering another bankruptcy process that could result in the closure of 200 stores in the area. If that happens, it would leave loyal Winn-Dixie shoppers in Florida forced into buying their food at other stores.
News outlets are reporting that the parent company of Winn-Dixie, Bi-Lo LLC, may begin the bankruptcy process in March. A source has hinted that the closure of 200 Winn-Dixie stores could be forthcoming as a part of the possible bankruptcy process.
A 2018 bankruptcy which would represent the third time the grocery giant has filed for bankruptcy. The previous two bankruptcies happened in 2005 and 2009.
Winn-Dixie has not offered any comment on these reports at this point. Furthermore, no notice has been issued publicly regarding any stores at risk of closure as a result of any decisions that are being considered.
Just because a large grocery chain or any other kind of corporate business chooses to file for bankruptcy does not necessarily mean that the business is ruined. In fact, numerous companies have used bankruptcy as a strategic tool to streamline their debt, reorganize their businesses and come back into the competitive marketplace stronger and more profitable than ever.
If your business is struggling to pay for its operational expenses, bankruptcy could be the solution needed to recover a sound financial position again.
That said, there are various bankruptcy and debt resolution options that businesses will have to choose from. As such, it’s vital for business owners to fully understand their debt and income situation to determine which kind of debt resolutions are right for their needs.
Source: fox4now.com, “Winn-Dixie is considering bankruptcy and could close 200 stores,” Feb. 20, 2018
