Winn-Dixie Reorganization

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Winn-Dixie gets 90 days to come up with a plan to emerge from Chapter eleven reorganization, despite efforts from creditors who wanted a quicker resolution.

The supermarket chain filed for bankruptcy in February. They have since been granted two 90-day extensions in which they have exclusive rights to submit a reorganization plan.

The company is showing signs of turning around after devastating losses over the past year.

Winn-Dixie reports it made almost 226 (m) million dollars in October and November.