Lucky’s Enters Asset Purchase Agreement with Company’s Founders

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Image courtesy of Lucky's.

Niwot, CO—Lucky’s Market has entered into an Asset Purchase Agreement with a group led by Bo and Trish Sharon, the company’s founders, for seven locations that will continue to operate, according to a press release. The stores are located in Traverse City, MI; Cleveland, OH; Columbus, OH; Columbia, MO; Melbourne, FL; North Boulder and Fort Collins, CO; and currently employ a total of around 600 employees.

“We are grateful to our wonderful team members and customers for all their support, dedication and loyalty over the years,” said Bo Sharon, who founded Lucky’s in 2003 with his wife Trish. “While this is a difficult situation across our Company, we remain passionate and optimistic that we can continue to offer our communities access to healthful foods in this smaller footprint, preserving hundreds of jobs.”

Related: Lucky’s Confirms Store Closures; Outlines Timeline
Lucky’s Market Announces Chapter 11 Filing; Asset Purchase Agreement with ALDI, Publix
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The Asset Purchase Agreements are subject to court approval and an overbidding process.

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