retail news in context, analysis with attitude

The Arizona Republic reports that Bashas’ management “sent a letter to its employees Friday reaffirming its intent to remain locally owned in the face of an unsolicited purchase offer by Albertsons LLC. The letter from also said there is no hostility between the companies and that Bashas' officials are not meeting with Albertsons or anyone else behind closed doors to discuss a sale.”

Bashas’ filed for bankruptcy protection last summer and has filed a reorganization plan with the courts that would pay off its $300 million in debt. The bankruptcy court is scheduled to rule on the plan in early April.
KC's View: