Marsh-Kroger sale conditionally approved; unsold stores to close – Indiana News

Marsh-Kroger sale conditionally approved; unsold stores to close –  Indiana News

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Marsh wants to sell a bunch of its remaining supermarkets to a subsidiary of Kroger, according to Marsh’s bankruptcy filing. It’s the latest chapter in a battle of Midwestern grocery chains.
Dwight Adams/IndyStar

MUNCIE, Ind. — The sale of some Marsh Supermarkets’ stores to Kroger and another Ohio grocery chain has been conditionally approved by a Delaware bankruptcy court.

The approval of Marsh’s plan to sell 11 stores, including two in Muncie, to Topvalco, a Kroger subsidiary, and Marsh’s plan to sell another 15 stores to Ohio-based Generative Growth/Fresh Encounter, came during a Wednesday morning hearing in bankruptcy court.

The sales are worth $16 million and $8 million, respectively.

EARLIER MARSH/KROGER STORIES

Kroger, another grocery to buy some Marsh stores

Will Kroger fill the Marsh void?

Under the terms of the bankruptcy judge’s conditional approval, Kroger/Topvalco will purchase and take over Muncie stores on Tillotson Avenue and at Wheeling and McGalliard.

The 26 stores to be sold do not include another 18 stores of Marsh’s 44 remaining stores. The Star Press has learned that those stores will close. In Muncie, those include stores on North Walnut Street and Burlington Drive. Marsh last month closed its store on South Hoyt Avenue in Muncie.

Sources close to the agreement said it was finalized, with a few minor points remaining, in court on Wednesday morning. That’s when a potential dispute between Marsh and CVS, over the possibility of Kroger opening pharmacy operations, was ironed…

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