From the day Southeastern Grocers Inc. emerged out of Chapter 11 bankruptcy in 2018, a sale of the Jacksonville-based supermarket company seemed inevitable.
The operator of the Winn-Dixie, Harveys and Fresco y Más chains has been owned by a group of investment funds, which received stock in exchange for unsecured debt in the bankruptcy reorganization.
Those firms led by Fidelity Investments seemed unlikely to run the business for the long term, so it was no surprise when The Wall Street Journal reported Nov. 18 that Southeastern Grocers is talking to potential buyers.
The only question is, who could it be?
Read the rest of this story at the Jacksonville Daily Record, a WJCT News partner.