10 retailers win bids on Lucky's Market locations

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10 retailers win bids on Lucky's Market locations

By Dan Ochwat - 03/30/2020

The latest in the Lucky’s Market bankruptcy finds a range of retail companies stepping in to win bids for 23 stores and one distribution center, totaling around $29 million, per a court-supervised virtual auction.

The breakdown of the assets went as such:

  • Publix Super Market Inc. won five leased stores in the Florida area for $11.5 million.
  • Aldi Inc. grabbed one owned property and five leased stores in Florida for $7.8 million.
  • Southeastern Grocers LLC snactched four leased stores for $2.4 million.
  • Dave’s Market won a bid for two ongoing leased stores in Ohio, where it’s located, for $1.72 million.
  • Seabra’s Market won a bid on a Florida leases store for $1.25 million.
  • LM Acquisition Co LLC, headed by Bo Sharon, the Lucky’s Market founder, won bids on two ongoing leased stores in Colorado for $1.16 million.
  • Schnuck Markets Inc. won a leased store for $860,000.
  • Oryana Food Cooperative Inc. won a bid for a leased store also for $860,000.
  • Hitchcock’s Market grabbed a Florida leased store for $275,000.
  • Dollar General Corp. purchased a distribution center in Orlando for $1 million.

For more, see the article in sister publication Progressive Grocer.

 

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