Bankrupt US grocery retailer and distributor Fleming has proposed a reorganisation plan in which it would either rebuild around its convenience store supply business or sell the remaining operating division to outside bidders.
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Fleming, which filed for Chapter 11 bankruptcy protection in April, has already sold its core grocery-store supply business, leaving its Core Mark International convenience store distribution business as its last remaining operating division, reported Dow Jones News Service.
“We will continue to evaluate the binding offers that we anticipate receiving in mid-December for the acquisition of our convenience division, pursuant to the formal sale process that we initiated in the beginning of October,” Fleming chairman Archie Dykes was quoted as saying.
A court hearing to review the reorganisation plan has not yet been scheduled.
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