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Lucky’s Market Reaches Store Sale Deals Worth $24.2 Million

Feb. 3, 2020, 8:18 PM

Bankrupt grocer Lucky’s Market has received bids totaling $24.2 million for auctions to sell half of its 39 store locations, including seven operating stores.

Publix Super Markets Inc., a Florida-based grocery operator, agreed to submit a stalking horse bid of $11.5 million for five store leases in the state, according to a Jan. 31 filing at the U.S. Bankruptcy Court for the District of Delaware.

Aldi Inc., a subsidiary of a German grocer, offered to pay $7.8 million for another five Florida leases and one owned property.

Colorado-based Lucky’s, which specializes in organic foods, has also reached a $1.25 million ...