JITNEY FILES FOR CHAPTER 11; IS NEGOTIATING CREDIT TERMS

JACKSON, Miss. -- Jitney-Jungle Stores of America here bit the bullet last week and filed a voluntary petition for financial protection under Chapter 11 of the U.S. Bankruptcy Code."Everyone [at the company] knew we needed to take this course," Ronald Johnson, chairman and chief executive officer, told SN last week.Johnson said Jitney officials began immediately to meet with vendor representatives

JACKSON, Miss. -- Jitney-Jungle Stores of America here bit the bullet last week and filed a voluntary petition for financial protection under Chapter 11 of the U.S. Bankruptcy Code.

"Everyone [at the company] knew we needed to take this course," Ronald Johnson, chairman and chief executive officer, told SN last week.

Johnson said Jitney officials began immediately to meet with vendor representatives last week to establish credit terms during the bankruptcy and notified bondhol

Register to view the full article

Already a member? .