A Historic Grocery Chain Now Files An Unexpected Bankruptcy

A historic grocery chain now files an unexpected bankruptcy after a long 116 year run and closed its doors for good.

Sickles Market has been a New Jersey tradition for a very long time. It’s a family-owned business that has a deep history in the region.

“Sickles Market began over 116 years ago as a farm, selling its own fruits and vegetables to local stores.

Harold Sickles and his wife, Elsie, ran it on farmland acquired from his mother’s family, the Parkers,” the company shares on its website.

At first, it was a seasonal operation, but that changed in 1999 and it became a small, year-round chain.

“Today, Sickles Market is known not only for having the highest quality, freshest produce and plants, as always, but also for its wide selection of gourmet grocery items, international cheeses, baked goods, butcher shop, deli, and a kitchen presenting fresh, chef-prepared foods to satisfy every taste and occasion,” the company added.

That proud tradition has, at least for now, come to an end as the company has filed for Chapter 11 bankruptcy protection and closed its doors, reports TheStreet.

While the Sickles Market locations have closed, Bottles by Sickles, a high-end wine and liquor store in Red Bank, N.J., remains open.

In its bankruptcy filing the company reported $549,388 in total assets​ and $5.2 million in debt:

“Sickles’ business banking accounts at Northfield Bank and OceanFirst bank have been frozen, according to the filing. The state of New Jersey also put a lien on Sickles’ $400,000 liquor license,” Patch.com reported.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

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Market News Today - A Historic Grocery Chain Now Files An Unexpected Bankruptcy.
Market News Today – A Historic Grocery Chain Now Files An Unexpected Bankruptcy.

A popular Italian restaurant now announces an unexpected closure after nine years in business, according to an email sent to customers.

Italian Eatery, located in south Minneapolis, Minnesota, told its long-time customers that it planned to shut its doors.

The beloved restaurant, also known as ie, also plans to close its sister restaurant un dito, known for its Sicilian seaside street food, per The US Sun.

They have not announced a closing date but are expected to close between late May and mid-June, according to Bring Me The News.

“As we prepare to close our doors at ie and un dito, we’d like to extend a heartfelt invitation for you to join us for our final months of service,” an email to customers from Carrara $ Co. read.

“Gather with us at the table and let us reminisce over the incredible memories we’ve created together and cherish the moments shared over the past nine years.”

Italian Eatery has been a popular spot since its opening in 2016 and is known for its full-service drinks and dining near Lake Nokomis.

Un dito is a 400-square-foot space that specializes in sips and snacks or afternoon gatherings like you would see in Italy, according to its website.

The restaurant’s “Last Supper” reservations will be released every week and shared in weekly newsletters, according to its website.

“As always, we will continue to reserve walk-in tables at both ie + un dito for our beloved neighborhood,” the announcement read, according to the outlet.

Carrara & Co. also owns due, a focacceria and Italian market in St. Paul, Minnesota that the company calls “Italian Eatery’s spawn, aka quirky little brother,” according to its website.

Despite the Minneapolis closures, due will remain open.

“I’m pleased to inform you that all other Carrara & Co operations remain unaffected, including Due Focacceria, and we are even expanding our services,” according to a statement, reported by NBC affiliate KARE.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - A Historic Grocery Chain Now Files An Unexpected Bankruptcy.
Market News Today – A Historic Grocery Chain Now Files An Unexpected Bankruptcy.

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