Pensacola Food Worlds Closing; Atmore Belle Foods To Remain Open
July 4, 2013
A bankruptcy judge ruled Wednesday that Belle Foods can close a dozen Food World stories in Alabama and Florida, including four in Pensacola. The Belle Foods stores in Atmore and Brewton will remain open.
Belle will begin the process of closing the four Pensacola Food World stores immediately with plans for the stores to be closed by August 3.
Belle will have 44 stores remaining — included Atmore and Brewton — when the closures are complete. Plans call for Belle to sell the assets of the closed Food World stores as it tries to pay more than $42 million in debt.
The company cited lower than anticipated revenues due to higher payroll taxes and increased competition from newer grocery stores as reasons for the bankruptcy.
The Food World in Atmore and the Piggly Wiggly in Brewton were rebranded as Belle Foods in January.
Pictured top: The Belle Foods store in Atmore Wednesday afternoon. NorthEscambia.com photo, click to enlarge.