NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.
The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.READ MORE: New York Weather: CBS2’s 11/28 Sunday Morning Forecast
According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.
The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.READ MORE: Alec Burks, Evan Fournier Spark Knicks Past Hawks
The company was reassuring devoted shoppers earlier this week.
Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.MORE NEWS: Suns Extend Win Streak To 16 With Victory Over Nets