The owner of Kings Food Markets and Balducci's Food Lover's Market has accepted a $75 million stalking-horse offer for the two regional chains, yet another example of gourmet grocers continuing to be battered by bruising new competition and the pandemic.
Balducci’s, King Foods’ Owner Accepts $75 Million Bid for Gourmet Grocery Chains
New Jersey-Based Firm Files for Chapter 11 Bankruptcy Protection During Pandemic
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