OH grocer reaches a deal for local Marsh locations

A Kroger subsidiary made an offer on 11 Marsh stores including this one in Indianapolis at Monday's bankruptcy auction

Fresh Encounter is an Ohio-based company that operates grocery stores under the names Community Markets, Great Scott Community Markets, Sack 'N Save Supermarket and Chief.

Marsh, a one-time icon of the industry, filed for protection under Chapter 11 of the U.S. Bankruptcy Code in May after closing 19 stores.

According to documents filed Tuesday in bankruptcy court in DE, 26 of the 44 Marsh stores that were put up for auction following the in company bankruptcy proceeding filings were sold.

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Bharara, who was sacked by the president hours after he refused to return a call from him. Trump himself attributed his dismissal of Comey to the Russian Federation investigation.

That's a lot quicker than what CVS had expected, however, when it paid $38 million in April to buy the pharmacy accounts and inventory of the 37 stores where Marsh operated pharmacies.

The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 15 stores to Findlay-based Fresh Encounter parent Generative Growth LLC for about $8 million and 11 stores to Kroger Co. subsidiary Topvalco Inc. for $16 million.

Fresh Encounters bid $8 million on four locations in OH and 11 others around central Indiana.

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Winning Bidder Topvalco, Inc. bought the leases for 10679 N. Michigan Road and 5 Boone Village, both in Zionsville, along with several other stores.

During a Wednesday morning hearing in US bankruptcy court in DE, attorneys for the Rhode Island-based pharmacy giant said they no longer objected to the store acquisitions, after the two buyers agreed not to open pharmacies in the stores until at least January 31, 2018. CVS was fighting to enforce a provision in that deal barring those stores from reopening pharmacies for five years.

This story will be updated.

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