Winn-Dixie, Fresco y Más parent moves forward with bankruptcy

Southeastern Grocers received bankruptcy court approval Monday to proceed with its debt restructuring plans.

The Jacksonville-based grocer, which announced its Chapter 11 bankruptcy filing on March 15, operates Winn-Dixie, Fresco y Más, Harveys and Bi-lo banners throughout the southeast.

The refinancing initiative includes lowering debt by about $600 million – including $522 million of debt exchanged for equity in the reorganized company – and closing 94 stores. The move leaves SEG with…

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