Southeastern Grocers, the company that owns Winn-Dixie, said Thursday that it plans to file for bankruptcy and close 94 stores.
The Florida-based company said it’s implementing “a court-supervised, prepackaged” debt restructuring agreement. It said it intends to file with the bankruptcy court by the end of March.
“Southeastern Grocers has conducted a thorough review of options for reducing our current debt,” it said in a statement. “Taking this step was critical to our future and the long-term health of our business.”
The company, which also owns Bi-Lo, Fresco y Más and Harveys Supermarket, will continue to operate 582 stores.