Gelson’s, Smart & Final to Buy Some Haggen Stores

This photo taken on May 16th, 2015 has Haggen "Opening Soon" in Clairemont at 5950 Balboa Ave, could it now be closing soon? Clairemont Times File Photo by Chris O'Connell
Haggen today announced that it has filed motions with and is seeking the approval of the bankruptcy court to establish procedures for ongoing sales. The motions present global bidding procedures, stalking horse package bid procedures and a schedule of stores being sold.

Haggen is seeking a court hearing on October 19, 2015 to hear the Company’s proposed global bid procedures. Parties interested in participating in the sale of stores need to submit an indication of interest by no later than October 26.  The procedures provide for a deadline for submission of bids to purchase some or all of the assets on 5:00 p.m. ET on November 2, with an auction scheduled on November 9.  The hearing to consider the results of the auction will be held on November 24. In the event no auction is conducted for a stalking horse package or if one of the stalking horse bidders is the successful bidder for its package after the auction and the contracts identified in the original bid have not changed, a sale hearing for those stores will be held on November 13 instead.  All dates are tentative and subject to bankruptcy court approval.

Haggen previously requested approval to begin going out of business sales in the identified non-core locations and will exit operations during the last weeks of November. The sale process has been designed to be fair and transparent in order to derive the highest bid for the stores and to maximize value for the estate and creditors in an orderly process. The procedures will allow the sale auction(s) to be conducted in a controlled, fair and open fashion that will encourage participation of financially capable buyers.

Haggen also filed motions to approve two separate asset purchase agreements for stalking horse bidder packages. Gelson’s Markets signed an asset purchase agreement for 8 stores in California and Smart & Final LLC signed an agreement for 28 stores in California and Nevada. Both agreements are subject to bankruptcy court approval.

No Word Yet on the Clairemont Store but some Haggen Markets Could become Gelson’s Markets or Smart & Final

Gelson’s Markets:

Carlsbad – El Camino Real
Del Mar – Via De La Valle
Listed as La Jolla (actually Pacific Beach – Turquoise St 
Ladera Ranch – Crown Valley Parkway
Laguna Beach – South Pacific Coast Hwy.
Rancho Mirage – Bob Hope Drive
Santa Monica – Lincoln Blvd
Thousand Oaks – Avenida De Los Arboles

Smart & Final LLC

Carlsbad – El Camino Real
Chula Vista – East H St

Coronado – B Ave
El Cajon – Camino Canada
El Cajon – Fletcher Pkwy
La Mesa – Avocado Avenue

San Diego – Tierrasanta Bl.
San Diego – Westview Pkwy
Santee – Magnolia Ave.

Atascadero – El Camino Real
Carpinteria – Linden Avenue
Chino Hills – Chino Hills Pkwy
Corona Del Mar – Coast Highway
Newbury Park –Newbury Road
Palmdale – W Avenue N
Paso Robles –Creston Road
Redondo Beach – N. Pacific Coast Hwy.
San Diego – Tierra Santa Bl.
San Diego – Westview Pkwy
San Luis Obispo – Johnson Ave
San Pedro – W 25th St
San Ysidro – W San Ysidro Blvd
Santa Barbara – State St.
Simi Valley – Los Angeles Avenue
Torrance – Hawthorne Blvd
Trabuco Canyon – Plano Trabuco Rd.
Ventura – Telegraph Road
Westlake Village – Lindero Canyon Rd
Yorba Linda – Yorba Linda Blvd.

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