New York grocer Fairway Market is planning to file for a chapter 7 bankruptcy, the New York Post reported. The grocery chain previously filed for chapter 11 in 2016. Under the current plan, Fairway will close all 14 of its stores, including its flagship store at Broadway and West 74th Street. The liquidation could be announced as soon as today. The liquidation plan comes despite ongoing interest by a potential rival in acquiring the Fairway brand, which dates to 1933, when the Glickberg family opened a fruit and vegetable stand on the Upper West Side. Fairway has been toying with bankruptcy protection after failing to find a buyer for its 14 stores last year. Aside from Village Super Market, prospective buyers of stores owned by Brigade Capital Management and Goldman Sachs Group were scared off by its $174 million debt and expensive leases, including $6 million in rent on its flagship New York City store.
