Sixteen Additional Marsh Supermarkets Could Close Without A Sale
Update: As of 12:15, 5/9/17, according to source IndyStar, the retailer has confirmed that all 44 remaining stores share this fate if a buyer cannot be found. The sixteen locations in the WARN notice were called out because they have 50 or more employees each.
INDIANAPOLIS, IN - As Marsh Supermarkets hangs in limbo searching for a potential buyer, as many as 16 additional stores throughout Indiana are in jeopardy of closing. If all 16 stores close, 1,464 associates and 885 full-time equivalents would be terminated, according to local news source RTV6.
According to a WARN notice dated May 8 from Marsh Vice President of Legal Affairs Ben Habegger to Carmel Mayor James Brainard: "We deeply regret and understand the uncertainty this action will cause our valued employees and the community," Habegger wrote.
According to the source, the 16 locations are all over central Indiana. The locations at risk of closure are:
- 1825 Kinser Pike, Bloomington
- 843 E. Main St., Brownsburg
- 2140 E. 116th St., Carmel
- 2904 S. State Road 135, Greenwood
- 15151 E. 82nd St., Indianapolis
- 1435 W. 86th St., Indianapolis
- 227 W. Michigan St., Indianapolis
- 6965 W. 38th St., Indianapolis
- 2350 Broad Ripple, Indianapolis
- 320 N. New Jersey St., Indianapolis
- 208 Southway Blvd. E., Kokomo
- 1013 Forest Ave., Marion
- 1500 W. McGalliard, Muncie
- 715 S. Tillotson, Muncie
- 10679 N. Michigan Road, Zionsville
- 5 Boon Village, Zionsville
As we previously reported, the company had stopped paying rent on as many as six locations throughout Indianapolis in March, and at least two ownership groups have sued Marsh over nonpayment of rent. So far, more than 20 central Indiana Marsh stores have closed in 2017.
The Indiana-based business supermarket chain was founded in 1931, and was acquired by Florida-based Sun Capital Partners in 2006. The company had 120 locations as of the time of the acquisition—but has shrunk steadily to 67 stores.
Will a buyer swoop in to help save this chain? Stay tuned to AndNowUKnow as we continue to report.