Belle Foods Birmingham

Belle Foods-Bankruptcy
5:02 pm
Wed July 3, 2013

Ala.-Based Grocer Looking To Close 13 Stores

Belle Foods will close 13 stores in Alabama, Florida, and Georgia in an attempt to help pay off $42 million in debt.
Credit abc3340.com

Birmingham-based Belle Foods LLC., which filed for bankruptcy Monday, is planning to close 13 of its 57 stores within a month.


A bankruptcy judge ruled Wednesday that Belle Foods can close stores in Alabama, Florida and Georgia by Aug. 3 as part of its bankruptcy plan.


The plan calls for the company to sell off assets to try reconciling a $42 million debt.


Stores slated to close in Alabama include Food World locations in Hueytown, Gadsden, Florence, Decatur and Mobile.

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Business & Education
7:03 am
Tue July 2, 2013

Belle Foods Files for Chapter 11 Bankruptcy

Birmingham-based Belle Foods cites a decline in business and technical issues with its accounting system as factors in decision to file for Chapter 11 bankrupcty.
abc3340.com

Birmingham-based Belle Foods has filed for Chapter 11 bankruptcy protection, saying the company is struggling to pay debt with revenue from its 57 stores throughout the Southeast.

   AL.com (http://bit.ly/12ai8oy ) reports the company, which used to run Bruno's and Food World stores in the Birmingham area, filed for bankruptcy Monday.

   In April, the company announced plans to hire 300 part-time workers at its stores in Alabama, Georgia, Florida and Mississippi.

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