Haggen will have one more big step this week as it attempts to exit Chapter 11 bankruptcy.
A court hearing is scheduled for 7 a.m. Tuesday, March 29, as U.S. bankruptcy court Judge Kevin Gross decides whether to approve the sale of Haggen’s core stores to Albertsons. The proposal is for Albertsons to pay $106.1 million for the 29 core Haggen stores. Albertsons intends to keep the Haggen name on 15 of those stores, including the five in Whatcom County. The remaining 14 would take on the Albertsons name.
Since the announcement of the proposed sale on Friday, March 11, court activity on significant items has been relatively low. An objection was filed Friday, March 25, by the landlords of some of the non-core stores not included in the sale, including stores in Puyallup and Port Angeles. That objection is expected to be addressed at the Tuesday, March 29, hearing.
The United Food and Commercial Workers International Union announced its support for the proposed plan on Friday, March 25. The union represents the workers at the Haggen and Albertsons stores and said Albertsons would offer employment to all UFCW members within the Haggen stores. Workers also could keep their seniority, current wages, earned sick leave and vacation days.
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“We welcome the proposed sale of 29 Haggen stores in the northwest to Albertsons because it rightfully ensures that our hardworking members will keep their jobs and continue to serve their communities and customers with pride,” the union said in a written statement.