Earth Fare Files for Liquidating Chapter 11 Bankruptcy
Earth Fare, Inc., the 45-year old natural and organic grocery chain, filed for Chapter 11 bankruptcy on Tuesday in Delaware under docket number 20-10256. The Debtor operates more than 53 grocery stores throughout the Southeast, mid-Atlantic and Midwest.
The company is privately held and backed by private equity firms Oak Hill Capital Partners and Green Capital Partners. The Wall Street Journal and the Motley Fool report that the Debtor plans to close all stores.
In the company’s bankruptcy pleadings, the Debtor owes more than 10,000 creditors between $100 million and $500 million and its assets are likewise between $100 million and $500 million.