Marsh

Thursday marked the beginning of the end for 18 Marsh stores that weren’t bought out at a bankruptcy auction earlier this week.

Forty-four Marsh locations in Indiana and Ohio stayed open as the company started going through bankruptcy last month, but only 26 found a buyer at auction Monday.

The remaining 18 – in the Indianapolis area, Lafayette, Muncie, Kokomo, Carmel, Logansport, Connersville and Noblesville – have now started selling off their inventories.

The 18 Marsh grocery stores that don’t have a buyer will start selling off their inventories Thursday, according to a company spokesperson.

And a CVS spokesperson says his company has “settled” a dispute with the two Ohio grocery chains that want to buy Marsh’s 26 other remaining stores.

This clears the way for the combined $24 million deal with a Kroger subsidiary and another Ohio chain, Fresh Encounter, to go forward.

Two Ohio-based firms offered to buy more than half of the remaining Marsh grocery stores at Monday’s bankruptcy auction.

The deal hinges on the outcome of a dispute between Indiana-based Marsh and CVS Pharmacies.

At the auction in Delaware, Kroger subsidiary Topvalco offered $16 million for 11 Marsh stores in Indianapolis, Zionsville, Muncie, Bloomington, Brownsburg, Fishers and Greenwood.

That’s according to bankruptcy court documents filed Tuesday.

EDITOR’S NOTE, JUNE 14: This developing story has been updated. Read more here.

What’s left of the Marsh grocery chain went to auction Monday morning – but there’s no word yet on how the bidding went.

Attorneys in the Delaware law office where the auction was set to take place did not immediately return requests for comment. They represent Indiana-based Marsh in its bankruptcy proceedings.

The 44 remaining Marsh stores will go to auction Monday, June 12, as the Indiana company’s bankruptcy process continues.

The Fishers-based grocery chain received multiple bids for its assets as of Wednesday’s deadline, triggering the auction.

The winning buyer may choose to keep some Marsh stores open, convert them to another chain’s brand, or close the stores entirely.

The Indiana-based Marsh grocery store chain filed for bankruptcy Thursday, triggering a process where it could be bought out, preserve more profitable locations, or close entirely.

The 44 remaining Marsh stores in Indiana and Ohio could close in 60 days if the company can’t find a solution. Marsh already closed 21 other low-earning locations and sold its pharmacy business this year.

Marsh Plans To Close Remaining Indiana Stores

May 9, 2017
Marsh Supermarkets

A Marsh Supermarkets spokesperson confirms the chain plans to close all of its 44 remaining locations (40 in Indiana, four in Ohio) in the next 60 days unless a buyer or a new business partner will allow the company to continue operations.

Marsh filed a notice Monday with the Indiana Department of Workforce Development indicating the closure of 16 stores that have more than 50 employees, as required by the state. The remaining stores have fewer than 50 employees.

New Label For Hoosier Foods Next Month

Jun 12, 2015
Indiana Grown

Indiana‘s branding effort for homegrown foods is gearing up for a rollout next month. Products made entirely with Indiana ingredients will incorporate a "100-percent Indiana Grown" logo into their labels, or on separately affixed stickers.