INDIANAPOLIS – There are “numerous” bids for those interested in acquiring Marsh Supermarkets in an auction that began Monday morning, according to the grocery chain.
The official auction of Marsh's assets began at 10 a.m. Monday at a Delaware law firm that represents the embattled grocery store chain, according to court documents obtained by NPR.
“Qualifying bids have been received from numerous bidders," said Thomas Mulligan, a Marsh spokesperson, on Wednesday of last week. "The Company, its advisors and the creditors committee are evaluating the bids."
In early May, Marsh officials filed for Chapter 11 bankruptcy and said the remaining 44 locations could close if the company did not find a buyer.
In the last several months, many stores closed around central Indiana, which the company said was due to poor performance and increased competition.
The auction is for bidders who are considered qualified to operate assets of the company.
No word on how quickly the auction will progress, or when we'll receive word about what was sold.
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