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Earth Fare files Chapter 11 with over $100 million in liabilities

Earth Fare, BB #:168468 the natural and organic retail chain, filed for Chapter 11 bankruptcy, only days after announcing plans to close all stores.

It had an agreement with a group to buy 33 of its 50 stores, but the deal fell through.

In its bankruptcy filing February 4, the chain claimed $100 million to $500 million in estimated liabilities.

Among the unsecured claims are:
-United Natural Foods, Inc. BB #:158953 Providence, RI at $9.6 million,
-Albert’s Organics, Inc. BB #:138730 Swedesboro, NJ at $5.9 million, and
-Crosset Company LLC. BB #:102407 Independence, KY at $5.25 million.

According to the filing, Oak Hill Capital Partners is by far the largest owner at 72 percent, followed by MCP Heirloom LLC at 19 percent.


Greg Johnson is Director of Media Development for Blue Book Services