Haggen files Chapter 11 to reduce store count

Haggen files Chapter 11 to reduce store count

Haggen said Tuesday it has filed for Chapter 11 bankruptcy protection in an effort to reorganize around its core profitable stores.

The move comes less than a year after the company acquired 146 stores being divested by Albertsons and Safeway, including 100 stores outside its base in Oregon and Washington that put Haggen into California, Arizona and Nevada.

The company said it has engaged Sagent Advisors, a New York-based investment banking firm, to seek buyers for som

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