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Grocery distributor Fleming files for Chapter 11.(Brief Article)
DALLAS -- Just a few months after ending its 10-year, $4.5 billion supply deal with Kmart, Fleming yesterday filed for Chapter 11 bankruptcy protection.
Many industry watchers have speculated that Fleming, riddled with debt and facing an investigation by the Securities and Exchange Commission, would be forced to file for bankruptcy after ending its agreement with Kmart. The discount retailer had accounted for 20 percent of Fleming's sales.
"Against this backdrop, it became clear that filing for Chapter 11 was the only choice that would allow us to continue operating as a going concern," stated Peter Willmott, Fleming's interim president and chief executive …
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- Fleming takes steps to avoid Chapter 11.(Fleming Companies Inc. hires...
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News wire article from: Chain Store Age Executive Fax
March 21, 2003
700+ words
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- Fleming files for Chapter 11.
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Newspaper article from: The Daily Deal
April 2, 2003
700+ words
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- Fleming Cos., which filed for Chapter 11 in April, is selling its wholesale...
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Magazine article from: Drug Store News
July 2, 2003
700+ words
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- Fleming Cos. gets approval for plan to exit Chapter 11 bankruptcy protection.
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News wire article from: Knight Ridder/Tribune Business News
July 27, 2004
700+ words
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- Fleming Cos. files for Chapter 11.(Brief Article)
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News wire article from: Chain Store Age Executive Fax
April 4, 2003
700+ words
