EAU CLAIRE, Wis. (WEAU) -- Festival Foods has agreed to purchase three Gordy’s Market locations.
The locations include two in Eau Claire and one in Tomah.
In a release the grocery chain said it made the announcement in July but plans were temporarily stalled last month.
That's when we learned that Minnesota supplier Nash Finch is suing Gordy's, claiming Gordy's owes $86 million.
The lawsuit called for Gordy's to appoint a receiver.
Gordy's announced the day before that it had appointed a Milwaukee attorney to that role.
Now, new agreements to purchase the store are in place and Festival Foods says it’s hopeful the court will approve them soon.
If the court approves the sales Festival Foods says it will begin updating technology and stores along with training associates.
The release went on to day if everything goes according to plan the Tomah store located at 701 East Clifton Street would open on Nov.10, and the stores located in Eau Claire at 2717 Birch Street and 2615 North Clairemont Avenue would open Dec. 1.
Festival Foods says it is restarting the process of hiring associates and potential applicants can complete an application at the link below.
EAU CLAIRE, Wis. (FESTIVAL FOODS NEWS RELEASE) -- Festival Foods today entered into new agreements to purchase three Gordy’s Market locations – two in Eau Claire and one in Tomah.
Festival Foods had announced plans to acquire the three Gordy’s Market locations in July. Those plans temporarily stalled last month when Gordy's announced it would have a receiver appointed. Now that new agreements to purchase the three stores are in place, Festival Foods is hopeful the court will approve them in the coming days.
After the court approves the sales and transactions are complete, Festival Foods will begin the processes of updating technology, hiring and training associates, and updating the stores. If all goes according to plan, the Tomah store at 701 East Clifton Street would open Nov. 10, and the Eau Claire stores at 2717 Birch Street and 2615 North Clairemont Avenue would open Dec. 1.
According to Festival Foods President and CEO Mark Skogen, the company looks forward to expanding its presence in Eau Claire and Tomah.
“We see the Gordy’s receivership as only a detour in the process to move forward with the purchase of these three stores, and we fully anticipate completing the process,” he said.
Today Festival Foods is restarting the process of hiring associates for the three new stores. Potential applicants may view job openings and complete an application at this link.