Grocery Chain Lucky’s Market Files for Bankruptcy in Delaware

Lucky’s Market, a Colorado-based grocery chain that had been partially owned by supermarket giant Kroger Co., filed for Chapter 11 bankruptcy in Delaware.

• Kroger, which invested in the chain in 2016, said in December that it was divesting its stake and took a $238 million non-cash impairment in earnings for its third quarter that ended Nov. 9
• Lucky’s, known for its lower-priced organic foods, operated 39 stores before it began shutting a majority of them in recent weeks

The case is Lucky’s Market Parent Company, LLC, 20-10166, U.S. Bankruptcy Court, District of Delaware (Wilmington).

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