K A S H R U T . C O M_©

Seasons, the supermarket chain that declared bankruptcy, relaunching under new ownership

February 1, 2019 from the JTA and Voisizneias:

"Seasons, the kosher supermarket chain that declared bankruptcy last year, has new owners and is reopening one of its closed locations."
"Seasons is under the ownership of the family of businessman Joseph Bistritzky, CEO of the Maramont Corp., a food services company."
"The Scarsdale location will be one of six stores to open, but the chain wants to make sure it can succeed in and around New York City, so national ambitions are on hold. The Upper West Side Seasons also will remain closed. In addition to Scarsdale and Queens, Seasons will continue operating stores in two New Jersey locations, Clifton and Lakewood, and two others in Lawrence in the heavily Jewish Five Towns area of suburban Long Island, New York."

Saddled With $42M In Debt, Seasons Kosher Supermarket Files For Bankruptcy

September 18, 2018 from the Matzav.com:

"A chain of kosher grocery stores, Seasons, with locations on the Upper West Side and Queens, has filed for bankruptcy with $42 million in debt, Commercial Observer reports."
"The company only has $5 million in assets but owes millions to vendors, landlords and banks, according to the Chapter 11 filing obtained via Nationwide Research Company."
"The chain was started in 2010 with a location in Flushing, Queens and eventually grew to include supermarkets in Lakewood, N.J., Clifton, N.J. Scarsdale, N.Y., and two in Lawrence, N.Y."
"After years of delays, Seasons opened its Baltimore, M.D., outpost last year and was still working on a Cleveland store."
"It’s unclear if Seasons will close any stores or is looking for a buyer."