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Marsh spokesperson: Company is 'in talks' with interested parties

Marsh spokesperson: Company is 'in talks' with interested parties
Posted at 12:50 PM, May 24, 2017
and last updated 2017-05-24 12:50:01-04

INDIANAPOLIS -- Marsh is "in talks" with several interested potential buyers, a company spokesperson said Wednesday. 

Marsh has until Friday, July 7 to find a buyer, or the remaining 44 grocery stores will close. The spokesperson said the plan is to keep those stores open, but to do that, they need help.

The interested parties, which are unnamed, are doing their due diligence, the spokesperson said. Those include: looking over sales numbers, visiting physical locations and reading lease agreements.

On May 11, Marsh filed for Chapter 11 bankruptcy. If all 44 locations close, 2,788 part-time and full-time employees would be laid off. 

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The employees could lose not only their jobs, but their health coverage.

Those working at Marsh locations set to close in the coming weeks said they will not receive severance packages, and their insurance benefits will expire at midnight the day the store shuts its doors.

RELATED | Marsh employees upset about lost jobs, insurance benefits

This process is similar to what Indianapolis-based electronics and appliances store hhgregg went through this year. hhgregg couldn't find a buyer, so the company closed dozens of its locations in early April.

About 3,700 people lost their jobs.

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