Belle Foods Stores Sold At Auction

September 25, 2013

At least 30 Belle Foods stores are expected to remain open after 43 stores went on the bankruptcy auction block. Associated Wholesale Grocers, Inc.,  made the $16.13 million winning bid plus an agreement to purchase the inventories of several other stores at a discount.

AWG filed a “stalking horse” bid plan, with a group of 11 other bidders that must be accepted by bankruptcy court. Under the plan, some of the other 11 buyers will close the Belle Foods stories and liquidate their inventories. Some may or may not reopen under a new or existing name. Belle currently operates stores as Belle Foods, Piggly Wiggly, Food World, Southern Family Markets and Bruno’s.

The Atmore Belle Foods store, along with one previously operated as a Piggly Wiggly in Luverne, AL, will be sold to Ramey Enterprises in Waynesboro, MS.  Ramey operates the “Ramey’s” supermarkets in 14 Mississippi Locations plus locations in Butler and Chatom, Alabama. The company also operates two CashSavers stores and one Pic n Sav.

The Brewton, AL, store will be purchased by Food Giant Supermarkets, Inc. It is currently slated to be closed, with the assets sold to AWG.

The Food World stores in Pensacola, previously owned by Belle, were already sold prior to Tuesday’s bankruptcy auction.

Editor’s note: The Piggly Wiggly store in Davisville is not associated with Belle Foods or involved in bankruptcy.


Comments

One Response to “Belle Foods Stores Sold At Auction”

  1. Jimmy on September 25th, 2013 3:51 am

    That will now give Brewton 2 grocery stores. WalMart and Pic N Save. Walmart will keep trying to shut down Pic N Save till they are the only store in town.

Written by William Reynolds · Filed Under News