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Marsh stops rent payments on six stores

Posted: March 20th, 2017, 1:53 pm
by cathandler
Reminds me of Farmer Jack in Detroit - and we all know how that turned out...
https://www.ibj.com/articles/63014-mars ... e-closings

Re: Marsh stops rent payments on six stores

Posted: March 20th, 2017, 4:33 pm
by buckguy
I'm surprised they've lasted this long. They were beginning to struggle when the Marsh family was still in the picture and that was over 10 years ago. According to the article, they're also stiffing contractors who did recent renovations.

Re: Marsh stops rent payments on six stores

Posted: March 20th, 2017, 8:53 pm
by pseudo3d
This isn't looking good, and I'd suspect SuperValu isn't too happy about this either.

If Marsh does go under, who's the likely candidate that can take over? Jewel-Osco? (I suppose it's possible, given that they do have single stores in Bloomington IL and Moline IL, the latter on the Iowa border)

Or can SuperValu buy them for a song and try to run them?

Re: Marsh stops rent payments on six stores

Posted: March 22nd, 2017, 8:20 pm
by bm10k
I wonder if Giant Eagle would be interested. in addition to Indianapolis they would have a presence in Cincinnati

Re: Marsh stops rent payments on six stores

Posted: March 22nd, 2017, 9:18 pm
by cathandler
bm10k wrote:I wonder if Giant Eagle would be interested. in addition to Indianapolis they would have a presence in Cincinnati
Isn't Giant Eagle itself scaling back?

Re: Marsh stops rent payments on six stores

Posted: March 28th, 2017, 2:26 pm
by buckguy
They have a store in Hamilton and one in the outer suburbs of Cincinnati. They used to have much more representation in SW Ohio, but never very many stores near Cinti. I'm guessing the general level of neglect under the current ownership would make the chain unattractive to Giant Eagle or any other established chain.

Re: Marsh stops rent payments on six stores

Posted: April 17th, 2017, 11:18 am
by cathandler
Interesting story on Marsh's likely exit strategy
https://www.ibj.com/articles/63389-mars ... ual-stores

Re: Marsh stops rent payments on six stores

Posted: April 17th, 2017, 6:13 pm
by klkla
Why don't they just get it over and file for bankruptcy? They they can get rid of the dogs so they can focus on the better stores moving forward or at least be in better shape to sell them.

Re: Marsh stops rent payments on six stores

Posted: April 17th, 2017, 9:53 pm
by cathandler
klkla wrote:Why don't they just get it over and file for bankruptcy? They they can get rid of the dogs so they can focus on the better stores moving forward or at least be in better shape to sell them.
That's probably the next step.

Re: Marsh stops rent payments on six stores

Posted: April 25th, 2017, 4:42 am
by cathandler
Looks like the end is near. Vendors are demanding COD terms and HQ staff is being slashed.
http://www.supermarketnews.com/retail-f ... d-closures