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Big V Supermarkets Files Chapter 11 Bankruptcy; Will Close Seven Area Stores

FLORIDA, NY-Big V Supermarkets is filing for Chapter 11 protection in order to implement a major financial and operational restructuring program that includes closing seven of its 39 operating ShopRite supermarkets.

By John Jordan | Updated on November 24, 2000

FLORIDA, NY-Big V Supermarkets Inc. has filed for reorganization under Chapter 11 of the US Bankruptcy Code in order to implement a major restructuring of the company that includes the closure of seven of its 39 Northeast ShopRite supermarkets.

The company filed the Chapter 11 petition on Nov. 22. The filing “will enable Big V to reduce costs significantly, enhance liquidity and provide a strong foundation for future growth in the increasingly competitive supermarket industry,” company officials state.

Among the store closings include three ShopRite supermarket locations in Dutchess County: 727 Beekman Rd. in Hopwell Junction; Route 9 and Route 40A in Hyde Park; and 53-61 Dutchess Tpke. in Poughkeepsie. The two other New York State closures will be at Big V’s ShopRite locations at 52 Route 17K in Newburgh and 281 West Bridge St. in Catskill.

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