Bankruptcy / Closurecritical2018
๐
Southeastern Grocers (Winn-Dixie/Bi-Lo)
Grocery & Specialty Food ยท owned by Lone Star Funds
Lone Star Funds bankrupted Winn-Dixie/Bi-Lo parent with $1B+ in LBO debt
Lone Star Funds loaded debt onto the Southeastern Grocers chain (Winn-Dixie, Bi-Lo, Harveys). Filed Chapter 11 in March 2018 with over $1 billion in debt. ~38,000 workers affected. Emerged diminished and eventually sold.
Jobs affected
Before
38,000+ employees
โ
After
Bankrupt, sold off
Change
-100%
Share this impact