NEW YORK (CBSNewYork) – Food shoppers in New York can stop worrying, for now.

Despite earlier newspaper reports, Fairway says it’s here to stay.

In a statement, the grocery store chain said it has no intention of filing for Chapter 7 bankruptcy, and that all 14 stores will remain open for business.

The store, which started as a fruit and veggie stand on the Upper West Side and has become a New York institution, filed for bankruptcy protection in 2016 after reaching a restructuring deal with creditors.

“Despite reports, Fairway Market has no intention to file for chapter 7 or liquidate all of its stores.  Such statements are categorically untrue and disappointing. Fairway has been engaged in a strategic process and expects to soon announce a value maximizing transaction that will provide for the ongoing operations of stores.  Our lenders remain extremely supportive of our efforts. All 14 stores remain open for business, offering a complete range of high quality, specialty food products, and we look forward to seeing our customers and employees,” Fairway Market said in a statement.

 

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