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Report: Tops Friendly Markets planning for bankruptcy

February 19, 2018 12:11 AM

According to Bloomberg, the owner of Tops Friendly Markets may be preparing for bankruptcy.

The report, citing "people familiar with that situation", says that Tops could seek court protection from creditors as soon as this month. Bloomberg also reported that southern supermarket chain Winn-Dixie is also preparing to file for bankruptcy. Both bankruptcies would be "a sign of the mounting pressures in the grocery industry," according to Bloomberg.

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News10NBC has reached out to Tops Friendly Markets for comment and will update when we learn more. 

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