Haggen announced Monday has found two companies that want to buy 36 of its California and Nevada stores.
The Washington-based grocery store chain, which filed for bankruptcy last month, is seeking approval from the bankruptcy court to establish bidding procedures so it can sell off many of its stores.
Two of those bidders include Gelson’s Markets and Smart & Final, who have already signed purchase agreements with Haggen.
Pending approval from the bankruptcy court, Gelson’s seeks to buy eight California stores, including the following locations in San Diego County:
- Carlsbad at El Camino Real
- Del Mar at Via De La Valle
- La Jolla at Turquoise Street
Smart & Final plans to take over 28 stores in California and Nevada, including these local locations:
- Carlsbad at Carlsbad Village Drive
- Chula Vista at East H Street
- Coronado at B Avenue
- El Cajon at Camino Canada
- El Cajon at Fletcher Parkway
- La Mesa at Avocado Avenue
- San Diego at Tierra Santa Boulevard
- San Diego at Westview Parkway
- San Ysidro at W. San Ysdiro Boulvard
- Santee at Magnolia Avenue
At a hearing on Oct. 19, Haggen hopes to present its proposed global bid procedures to the bankruptcy court.
Under the procedures, companies interested in buying a store will need to submit an indication of interest by Oct. 26 and a bid on Nov. 2. An auction is scheduled for Nov. 9, and a hearing to consider the auction results will be Nov. 24.
After it filed for Chapter 11 bankruptcy protection, Haggen announced it will close 100 stores, including 19 in San Diego County. With that, more than 6,000 employees are set to lose their jobs as stores are shuttered in the last weeks of November.