Lucky’s Market founders Bo and Trish Sharon have entered into a purchase agreement to buy the seven Lucky’s locations that are not set to close as part of the company’s downsizing and bankruptcy.
The deal includes local stores in north Boulder and Fort Collins, as well as locations in Traverse City, Mich.; Cleveland and Columbus, Ohio; Columbia, Mo.; and Melbourne, Fla.
The seven stores employ about 600 people, according to a Lucky’s news release.
“At the time of the filing, the company had sufficient cash on hand and an agreement for the consensual use of cash collateral,” according to a Lucky’s statement. “As such, the company should have the continued ability to meet its financial obligations, including those to its employees, as well as to vendors for the continued supply of product to its operating locations.”
