Tuesday, October 16, 2018
Business

Judge approves Winn-Dixie bankruptcy plan

Winn-Dixie’s parent company Southeastern Grocers plans to emerge from bankruptcy in "coming weeks," after a judge approved its reorganization plan on Monday, officials said.

Jacksonville-based Southeastern Grocers filed for Chapter 11 bankruptcy reorganization on March 27 in a Delaware courtroom.

Previous coverage:Winn-Dixie parent company files for bankruptcy, plans to close 94 stores

"We are delighted with the Court’s swift approval which marks a major milestone in the transformation and correction of our business," CEO Anthony Hucker said in a prepared statement. "This confirmation paves the way for us to emerge as a strong, viable business that is well-positioned to succeed in the competitive retail market."

Read more: Hispanic shoppers celebrate, embrace Fresco y Más stores in Tampa

The company of grocery store chains — including Fresco y Más, Bi-Lo, and Harvey’s Market — has closed 94 under-preforming stores. It’s also reassessed what works locally, turning two Tampa Winn-Dixie locations into the company’s Hispanic banner and closing a total of six Tampa Bay locations.

The company said it will continue to operate 575 stores and cut its debt by about $600 million.

Comments
Southern Airways launching Tampa-to-West Palm Beach flights

Southern Airways launching Tampa-to-West Palm Beach flights

TAMPA — Southern Airways Express said Tuesday it will launch air service between Tampa and West Palm Beach on Nov. 8, just three days after another carrier discontinues the route.Southern Airways, the third largest commuter carrier in the nation, is ...
Updated: 16 minutes ago
Study: Without Medicaid expansion, poor forgo medical care

Study: Without Medicaid expansion, poor forgo medical care

WASHINGTON — Low-income people in states that haven’t expanded Medicaid are much more likely to forgo needed medical care than the poor in other states, according to a government report released Monday amid election debates from Georgia to Utah over ...
Updated: 1 hour ago
Cross-Bay Ferry to dock at Florida Aquarium this winter

Cross-Bay Ferry to dock at Florida Aquarium this winter

TAMPA — The Cross-Bay Ferry is coming back with a few changes this winter.For starters, the ferry will dock behind the Florida Aquarium because of construction at the Tampa Convention Center. Port Tampa Bay approved the berth on Tuesday morning and a...
Updated: 2 hours ago
Five Tampa Bay area men indicted in what prosecutors describe as a billion-dollar health care scheme

Five Tampa Bay area men indicted in what prosecutors describe as a billion-dollar health care scheme

Five local men are wrapped up in what federal prosecutors are calling a billion-dollar telemedicine rip off.Starting in 2015, the men and their pharmacy companies set up an elaborate scheme that fraudulently solicited insurance coverage information a...
Updated: 2 hours ago
Report: Uber IPO could put company value at $120 billion

Report: Uber IPO could put company value at $120 billion

NEW YORK — Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuatio...
Updated: 3 hours ago
Hurricane Michael: Significant crop damage expected in Florida Panhandle

Hurricane Michael: Significant crop damage expected in Florida Panhandle

Hurricane Michael impacted about 1 million acres of field crops and 3.6 million acres of upland forest in Florida, according to the University of Florida Institute of Food and Agricultural Sciences.The most serious damage affects about 200,000 acres ...
Updated: 5 hours ago
Realignment at Big Bend intersection promises safer traffic flow after construction headaches

Realignment at Big Bend intersection promises safer traffic flow after construction headaches

GIBSONTON – A new north-south road is coming to relieve traffic along U.S. 301, but making way for it promises some short-term traffic headaches for a South Shore region already stymied by congestion.The new road would run more than four miles...
Published: 10/16/18
Clearwater tweaks downtown incentive program

Clearwater tweaks downtown incentive program

CLEARWATER — On the heels of intensive meetings with downtown property owners and potential business tenants, the city’s Community Redevelopment Agency has tweaked its incentive programs designed to attract businesses that would operate...
Published: 10/16/18
Tampa’s last Sears survived bankruptcy closings, but Westshore Plaza is dropping Sears anyway

Tampa’s last Sears survived bankruptcy closings, but Westshore Plaza is dropping Sears anyway

Sears’ long-foreshadowed bankruptcy filing Monday came with the blow that more than 140 of its remaining 700 locations would be closed in a bid to save the once robust and venerable chain of department stores. But some locations not even on th...
Updated: 8 hours ago
Early Hurricane Michael claims: 38,000, $5.7M in damages

Early Hurricane Michael claims: 38,000, $5.7M in damages

As Panhandle residents began making their way back home over the weekend, clearer damage estimates began to arise: According to the Florida Office of Insurance Regulation, about 38,000 claims have been submitted for Hurricane Michael damage and $5.7 ...
Published: 10/15/18