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.