The Birmingham Business Journal reports that the US Bankruptcy Court has ordered Bruno’s Supermarkets to auction off its assets on April 22.
According to the story, “The bankrupt supermarket chain has been shopping for a buyer since filing for chapter 11 in February, but it has said union contracts for its employees are hindering the sale. Earlier this month, Bruno’s notified the state and its employees that 38 of its stores in Alabama may close if a buyer doesn’t come forth.
According to the story, “The bankrupt supermarket chain has been shopping for a buyer since filing for chapter 11 in February, but it has said union contracts for its employees are hindering the sale. Earlier this month, Bruno’s notified the state and its employees that 38 of its stores in Alabama may close if a buyer doesn’t come forth.
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