Firm Represents Leading Regional Supermarket Chain in Connection with its Acquisition of Core Assets of Other Supermarket

The Firm represented Village Super Market, Inc. (“Village”), an operator of 30 supermarkets and several specialty food stores in New York, New Jersey, Pennsylvania and Maryland, in connection with its proposed acquisition of a group of stores and a production and distribution center, from Fairway Group Holdings, the operator of Fairway Markets. The transaction is to be completed as an asset purchase under section 363 of the Bankruptcy Code. Village was declared the high bidder after a five-day auction process. Subject to customary purchase price adjustments, the aggregate purchase price for the Acquisition is $76,200,000. The Acquisition was approved today by Judge Garrity, a New York bankruptcy judge, after a contested sale hearing.

The case is In re: Fairway Group Holdings Corp., case no. 20-10161, in the U.S. Bankruptcy Court for the Southern District of New York.