A U.S. bankruptcy court in Delaware has approved the sale of the remaining 29 Haggen stores to Albertsons, essentially ending what’s been a tumultuous 15 months for the Bellingham grocer.
U.S. Bankruptcy Judge Kevin Gross signed an order approving the asset purchase agreement Tuesday. Gross also signed an order allowing for closing sales to begin at three stores in Puyallup, Port Angeles and Oregon City, Oregon.
Albertsons will pay around $106.1 million for Haggen’s core stores in an agreement that was reached March 11. Albertsons has said it intends to keep the Haggen store name on 15 of the stores. The remaining 14 will switch to the Albertsons name. The Haggen corporate office will remain in Bellingham, although it is unclear how many of those employees will remain.
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