Grocery chain operator Fairway Group Holdings Corp, which has lost money in every quarter since it went public in 2013, filed for chapter 11 protection, Reuters reported yesterday. Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. The company filed a pre-packaged chapter 11 plan to restructure its debt and is seeking approval for $55 million in debtor in possession credit. Fairway, which operates about 15 stores in the New York City area, said that it aimed to reduce debt by about $140 million through the restructuring and retain jobs.
