Brown & Cole Mulls Reorganization

Brown & Cole hopes it can emerge from Chapter 11 bankruptcy protection this fall with the help of a California investment group that has no previous ties to the food industry. Craig Cole, president and chief executive officer of the 20-store chain, declined to name the potential investment group but said it has pledged $40 million in capital to refurbish the stores. The investor

BELLINGHAM, Wash. — Brown & Cole here hopes it can emerge from Chapter 11 bankruptcy protection this fall with the help of a California investment group that has no previous ties to the food industry.

Craig Cole, president and chief executive officer of the 20-store chain, declined to name the potential investment group but said it has pledged $40 million in capital to refurbish the stores. The investor would also become the new majority owner, he said, although it has indi

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