Haggen to auction off remaining Oregon stores next year
Haggen has been given the go ahead to sell off its remaining Oregon stores, including its only remaining Washington County location on Southwest Barrows Road.
A bankruptcy judge in Delaware gave the company the OK late last week to put the rest of its stores 33 supermarkets across Oregon and Washington on the auction block in early 2016.
Haggen is scheduled to hold the auction on Feb. 5. The order was finalized Friday as part of the companys bankruptcy proceedings, the company said.
The announcement comes less than a month after Haggen closed down and auctioned off the majority of its stores.
Haggen still operates a handful of Oregon stores, most in Clackamas County and Eugene. Its lone Washington County store is located at 14300 S.W. Barrows Road, in Tigard near the Beaverton border.
The 33 remaining stores are considered core stores by the company, said Deborah Pleva, a spokeswoman with Haggen. Pleva said she expects the remaining stores to be sold off together as a group.
The Haggen group of core stores is well run with great staff and is located in great communities, she said in a written statement. As a group they are profitable. Because of this, we know there will be strong interest in our stores as a group. Our stores are staffed and stocked to high standards and we are well prepared to offer a great store experience for our guests during this holiday time!
Haggen could bid on its own stores
Its the latest in a public downfall after Haggen exploded in size earlier this year, growing from 18 stores in the Pacific Northwest to 164 across five states. But the rollout was far from smooth. Albertsons sued Haggen, saying it owed the company millions for unpaid stores. Haggen, in turn, filed a $1 billion countersuit against Albertsons, claiming the company lied to Haggen when it sold the stores.
Haggen filed for bankruptcy in September and began closing its less profitable stores, including its longtime store in Tualatin.
The company proposed Februarys auction to the bankruptcy court last month and originally set it for January. According to Haggen, the store is required by its lenders to explore outside opportunities for its stores, including the nearly three-dozen core stores it hasnt closed.
But Februarys auction doesnt mean that the Haggen name will necessarily be going away entirely. One of the bidders in Februarys auction could be Haggen itself. Florida investment firm Comvest Group has owned Haggen since 2011 and could enter the auction to purchase some or all of the stores.
If Comvest isnt the winning bidder, whoever buys the stores could decide to keep the Haggen brand alive. Haggen is well established in Washington and has operated stores in Oregon for several years.
The deadline for bids is Jan. 29, 2016.