Court Approves Andronico's Sale

SAN FRANCISCO The sale of Andronico's Community Markets here to a Texas-based investment group was scheduled to close last week after receiving approval from the U.S. Bankruptcy Court a week earlier. The price of the sale is approximately $16 million roughly $4 million less than the original bid, a court-appointed spokesman for the retailer told SN. He said the new owner Renovo Capital, Dallas is

SAN FRANCISCO — The sale of Andronico's Community Markets here to a Texas-based investment group was scheduled to close last week after receiving approval from the U.S. Bankruptcy Court a week earlier.

The price of the sale is approximately $16 million — roughly $4 million less than the original bid, a court-appointed spokesman for the retailer told SN.

He said the new owner — Renovo Capital, Dallas — is expected to retain existing management, including Bill Andr

Register to view the full article

test - Advanced Registered User

Already a member? .