PODCAST: Recent supermarket bankruptcies explored – Middle Market Junction
15 May, 2017
In this week’s edition of the Middle Market Junction podcast, Jon Berke and Danielle Randall of Debtwire Middle Market, and Rich Goldman, legal analyst for Debtwire North America, explore the trends that led to the recent bankruptcies of Marsh Supermarkets and Central Grocers and the ramifications that each case might have on future supermarket insolvencies and consolidation in the sector.
The podcast focuses on both macro issues, such as the impact big box retailers and Amazon have had competing on price points, and specific legal issues, such as potential litigation that might arise against Marsh’s pre-petition private equity sponsors Sun Capital. Goldman also opined on the power of bargaining executed by trade creditors in the form involuntary insolvency filing against Central Grocers.
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