Economy, Labor Troubles Push Bashas' Into Ch. 11

Law360, New York (July 13, 2009, 12:00 AM EDT) -- Arizona-based grocer Bashas' Inc. has filed for Chapter 11 bankruptcy protection, saying tight credit markets, a tough state economy and an ongoing war with unions have pushed the company to the brink.

Bashas' filed a voluntary Chapter 11 petition with the U.S. Bankruptcy Court for the District of Arizona on Sunday, listing both the company's estimated assets and liabilities as falling between $100 million and $500 million.

The company, founded in 1932, employs about 10,000 workers and bills itself as the largest family-owned grocer in Arizona...
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