By MARCIA BLOMBERG
mblomberg@repub.com
Nearly 150 DB Mart stores - the last New England vestiges of Dairy Mart, the convenience store chain founded in Springfield in 1958 - will be sold at auction in late August.
DB Companies, which bought 161 Dairy Mart stores in the Northeast in 1997 and operates them as DB Marts, filed for Chapter 11 bankruptcy, and has hired Matrix Capital Markets Group to sell its remaining 148 convenience store and gas station sites.
Chapter 11 allows DB Companies to operate while it negotiates repayment plans with its debtors.
Time to check into
Business Credit Insurance?
No comments:
Post a Comment