Bruno’s Asks Court for ‘Emergency’ Auction

Bruno’s Supermarkets on Tuesday sought permission from U.S. Bankruptcy Court to “sell all or substantially all of its assets” in an auction later this month.

BIRMINGHAM, Ala. — Bruno’s Supermarkets here on Tuesday sought permission from U.S. Bankruptcy Court to “sell all or substantially all of its assets” in an auction later this month.

The company in court papers said an “emergency sale” of the company — either as a going concern or to a liquidator — is in the best interest of its estate and creditors after it failed to attract a “stalking horse” bid. The proposed auction would be held April 29.

Bruno’s said Tuesday it “co

Register to view the full article