Andronico's Scrambles For Capital

Yes, Andronico's is in trouble.

Last week, we reported on vendors of the Bay Area supermarket chain telling us they have not been paid in months, and were wondering what was going on (sfg.ly/lbaJvj).

According to an e-mail we received Wednesday afternoon from CEO Bill Andronico, the company is looking to "recapitalize" and to "bring in lending/investor partners to replace the existing lender group and, additionally, provide growth capital."

The e-mail adds:

"As with other small family companies, Andronico's continues to operate with many business challenges on a daily basis. The economic climate of the past several years has also contributed to these difficulties.

To read the rest of the story, please go to: San Francisco Chronicle