SCHWEGMANN IN CHAPTER 11; PLANS TO SELL ALL 24 UNITS

NEW ORLEANS -- Schwegmann Giant Super Markets here voluntarily filed for Chapter 11 and said it plans to sell all 24 stores.Schwegmann said it will continue to operate the stores until they are sold "to maximize their value to creditors."The bankruptcy filing put on hold the sale of six Schwegmann stores to Sav-A-Center, the locally based division of A&P, Montvale, N.J. The sale, which was announced

NEW ORLEANS -- Schwegmann Giant Super Markets here voluntarily filed for Chapter 11 and said it plans to sell all 24 stores.

Schwegmann said it will continue to operate the stores until they are sold "to maximize their value to creditors."

The bankruptcy filing put on hold the sale of six Schwegmann stores to Sav-A-Center, the locally based division of A&P, Montvale, N.J. The sale, which was announced in early March, had been scheduled to be completed last Monday but repor

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