Court Approves Marsh Deals To Sell 26 Grocery Stores

A Kroger subsidiary made an offer on 11 Marsh stores including this one in Indianapolis at Monday's bankruptcy

Will Kroger soon be expanding throughout IN as the Marsh Supermarkets bankruptcy case comes to a close?

But the future of the two Marsh stores in Kokomo remains uncertain.

In a motion filed Tuesday in the Marsh Supermarkets' bankruptcy case, at least 11 of Marsh's 44 stores could be sold off to one of Kroger's subsidiaries, Topvalco Inc, according to source The Star Press. Marsh's pharmacy customers have been referred to nearby CVS locations. The chain of grocery stores celebrated 50 years of continuous service to OH and IN residents, operating under the banners of Great Scot, Community Markets and Sack n' Save.

CVS filed an objection to Marsh's sale to Kroger subsidiary Topvalco and Generative Growth II after officials learned the two buyers plan to operate pharmacies in their newly purchased locations. The Indiana Marsh stores acquired are located in New Palestine, Marion, Indianapolis, Columbus, Hartford City, Elwood, Tipton, Pendleton, Richmond and Greenberg. CVS was fighting to enforce a provision in that deal barring those stores from reopening pharmacies for five years. Marsh told the state last month that all remaining stores would close in mid-July without a buyer.

Now, the only issue delaying a U.S bankruptcy judge in DE from signing off on the acquisitions is an objection filed by the landlords of Lockerbie Marketplace, where Marsh operates one of its two downtown stores.

The $16 million Kroger has agreed to pay for 11 stores did not include any inventory.

The next hearing on the proposed sales is Wednesday in federal bankruptcy court in Delaware.

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