- A bankruptcy court judge has approved Fleming Companies’ $50 million interim debtor-in-possession (DIP) financing commitment from its existing lenders as a bridge to a permanent $150 million DIP financing package.
Fleming filed for bankruptcy protection on April 1.
- The UK’s J. Sainsbury Plc announced this morning that it will add the equivalent of 10,000 part-time jobs inn its stores, an effort to reduce lines and increase shopper satisfaction in-store. The Sunday Times also reported that the company is simultaneously looking to cut back on headquarters staffing.
