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.
PREVIOUS | Marsh Supermarkets could close all locations if no buyer is found | Marsh to close longtime Indianapolis store at the end of January | Marsh is closing another Indianapolis store at the end of February | Marsh to close two more Indy stores by mid-April; that makes four in 2017 | Greenfield, Indy Marsh stores closing in May
The employees could lose not only their jobs, but their health coverage.
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.
PREVIOUS | Indianapolis-based hhgregg files for bankruptcy | Indy-based hhgregg to close all stores after failing to find a buyer | hhgregg may close all 132 locations, liquidate items if company isn't purchased