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Since filing for Chapter 11 bankruptcy last month Bruno's Supermarkets has already closed 10 stores, but according to a published report, difficulties in finding a buyer or coming up with financing during this time of economic upheaval could lead the grocer to liquidate all of its stores by Mid-May.
The report in the Montgomery, Ala., Advertiser said that this week Bruno's told the Alabama Department of Economic and Community Affairs that it might shutter the rest of its locations by May 17 if no buyer is found.
Still, the Birmingham, Ala.-based company, which currently operates 56 Bruno's and Food World locations in Alabama and the Florida Panhandle, insists it doesn’t intend to close any more stores.
"Bruno's has no current plans to close stores beyond the 10 stores whose closings have already been announced and were approved by the bankruptcy court," the company said in a statement. "However, because other Bruno's stores will close if they are not sold, to comply with federal law, Bruno's has notified its employees of the possibility of store closings. Bruno's is actively involved in efforts to sell its stores and preserve its employees' jobs."