JACKSONVILLE, Fla. – Southeastern Grocers, the parent company of Jacksonville-based grocery chain Winn-Dixie, made its restructuring plan official Tuesday when it filed for Chapter 11 bankruptcy.
The company filed its case in U.S. Bankruptcy Court in Delaware as part of a reorganization effort that will entail the closure of 94 locations, including four in the Jacksonville area.
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SEG said it is closing those underperforming stores in the hopes of reducing the company's debt load by more than $500 million while keeping 582 remaining stores open.
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The company said the reorganization has the backing of 80 percent of its creditors.
"This pre-packaged, court-supervised financial restructuring process provides for a clear and expedited path to put SEG in the best position to serve our communities and succeed in the competitive retail market in which we do business," said president and chief executive officer Anthony Hucker.
The 94 underperforming stores are expected to be shuttered within 90 days, the company previously reported when it announced the restructuring effort March 15.
Below is a list of the stores impacted in Northeast Florida and Southeast Georgia:
- Harveys, 3000 Dunn Ave., Jacksonville
- Harveys, 1012 Edgewood Ave. N., Jacksonville
- Winn-Dixie, 9866 Baymeadows Road, Jacksonville
- Winn-Dixie, 248 Blanding Blvd., Orange Park
- Winn-Dixie, 2002 SW 34th St., Gainesville
- Harvey's, 510 Tebeau St., Waycross, Georgia