Supermarket chain Winn-Dixie Stores became the subject of bankruptcy rumors in February, as the firm posted a quarterly loss of nearly $400 million, compared with a loss of $79.5 million in the same quarter a year ago. The struggling company also announced that it had seen a significant decline in liquidity as bank revolver availability shrank and some vendors tightened terms. As of mid-January, Winn-Dixie had $31 million in cash and $145 million open in its credit line.
Winn-Dixie’s CEO Peter Ly
The week on Risk.net, July 7-13, 2018Receive this by email