Court approves Marsh deals to sell 26 grocery stores

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Marsh sold its pharmacy assets to a CVS subsidiary in April.

Marsh closed 19 stores in May.

According to documents filed Tuesday in bankruptcy court in DE, 26 of the 44 Marsh stores that were put up for auction following the in company bankruptcy proceeding filings were sold.

The company was founded in 1964 and changed its name in 1995 to Fresh Encounters. Marsh's pharmacy customers have been referred to nearby CVS locations.

Bloomington's two remaining Marsh Supermarkets stores may be purchased by a subsidiary of Kroger, pending bankruptcy court approval.

The two winners were Topvalco, Inc., a subsidiary of Kroger, and Generative Growth II, LLC the parent company of OH grocery operator Fresh Encounter. As a condition of the deal, the 37 Marsh stores with pharmacies were precluded from operating pharmacies for five years, the newspaper noted, citing a recent bankruptcy court filing.

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Eighteen other Marsh stores did not fetch any interest at auction.

Kroger has not yet commented on what the bankruptcy will mean for plans for two new Zionsville stores, one at The Farm at 116th Street and Michigan Road, and one at County Road 300 North and Michigan Road.

The two sides told the judge they would attempt to resolve the issue within the next 24 hours and provide an update during a Thursday afternoon status conference.

Fresh Encounters bid $8 million on four locations in OH and 11 others around central Indiana.

And the deal with Kroger and Fresh Encounter isn't sealed yet.