Advertisement

Fairway Files For Chapter 11 Bankruptcy Protection

Grocery retailer Fairway Market has filed for Chapter 11 bankruptcy protection, with plans to reduce its debt by approximately $140 million and restore its long-term financial health. Fairway will continue to operate in the normal course of business without interruption through the restructuring.

The retailer, with roots that go back 80 years, operates 15 stores in the New York City area, but it has lost money in every quarter since going public in 2013. Fairway recently announced net sales of $179.8 million for Q2 2016, down from $194 million in Q2 2015.

Through the “prepackaged” bankruptcy plan, holders of general unsecured claims, including suppliers, employees, unions and other trade creditors, will receive payment in full.

Advertisement

 “We believe that implementing this Prepackaged Plan is the best opportunity for Fairway to restructure its balance sheet on an expedited basis, strengthen its operations, retain jobs and create long-term value,” said Fairway CEO Jack Murphy in a statement. 

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: