winn dixie close to bankruptcy

Winn Dixie’s parent company, Southeastern Grocers, could be nearing bankruptcy proceedings.

Citing sources familiar with ongoing debt negotiations, Grocery Headquarters reports Southeastern Grocers, which owns the Bi-Lo, Winn-Dixie and Harveys chains, is considering filing for Chapter 11 bankruptcy restructuring. The company has hired outside advisers to help as it seeks to refinance $1 billion in debt.