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Winn Dixie Stores

By: Associated Press
By: Associated Press

Bankrupt supermarket giant Winn-Dixie Stores Incorporated has sold leases to 102 of its stores. Most of the 30 purchasers plan to operate them as grocery and liquor stores.

The leases were sold at an auction yesterday and Monday in New York. The sales must be approved by US Bankruptcy Judge Jerry Funk. Hearings are scheduled July 27th to July 29th in Jacksonville, Florida.

Earlier this month, Winn-Dixie announced it had reached a preliminary agreement for 79 stores. The auction produced 23 additional sales. The aggregate purchase price for the 102 stores is about 45-point-six (m) million dollars. That was an increase of six-point-nine (m) million dollars more than previously announced.

A spokesman said many of the stores have agreed to offer jobs to
Winn-Dixie employees.


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