Belle Foods files for bankruptcy; can close 13 stores

[lin_video src=×9&auto_next=1&auto_start=0&div_id=videoplayer-1372894324&height=480&page_count=5&pf_id=9624&show_title=1&va_id=4127215&width=640&windows=2 service=syndicaster width=640 height=480 div_id=videoplayer-1372894324 type=script]BIRMINGHAM, Ala. (WIAT) — UPDATE: Belle Foods has announced that it will be allowed to close 12 Food World stores in Alabama and Florida. A judge ruled that the closings would be allowed as part of the company’s chapter 11 bankruptcy filing.

The Food World stores on Green Springs Highway and Allison-Bonnet Memorial Drive in Hueytown.

ORIGINAL: Belle Foods, a popular grocery store chain with stores all across the Southeast, has filed for Chapter 11 bankruptcy.

The company says it is having a hard time paying debt with the revenue from its stores.

Problems stemming from a decline in business and technological structures led to the company’s decision to file for bankruptcy.

Belle Foods owns 57 stores across the Southeast.

Copyright 2013 WIAT-TV CBS 42


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