Lucky’s receives final court approval to conduct store-closing sales

By Caroline Salls

Pittsburgh, March 4 – Lucky’s Market Parent Co., LLC obtained final court approval to conduct store-closing sales, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, Lucky’s said it would hold closing sales in connection with the liquidation of 32 of its stores.

In connection with the store-closing sales, the company entered into a liquidation consulting agreement with Great American Global Partners, LLC.

Going-out-of-business sales at the 32 closing locations were scheduled to begin on Jan. 22.

The closing sales are expected to yield $1.4 million in gross proceeds. Great American will receive a fee of 15% of the gross proceeds.

Lucky’s is a Niwot, Colo.-based supermarket operator. The company filed bankruptcy on Jan. 27 under Chapter 11 case number 20-10166.

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