SPRINGFIELD, N.J., Oct. 03, 2019 -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter ended July 27, 2019. Net income was.
SPRINGFIELD, N.J., Dec. 03, 2019 -- Village Super Market, Inc. (NASDAQ:VLGEA) today reported its results of operations for the first quarter ended October 26, 2019. Net income.
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
SPRINGFIELD, N.J., March 13, 2020 -- The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared quarterly cash dividends of $0.25 per Class A common share and.
New York City-based grocer Fairway Market officially denied a New York Post report stating that the company was planning to file for Chapter 7 bankruptcy and close all of its stores. The company said that all 14 of its stores will remain open more than three years after the company first filed for Chapter 11 bankruptcy protection in 2016, which allowed it to continue as a going concern.
On March 25, 2020, Village Super Market, Inc. (“Village” or the “Company”) entered into a revised Asset Purchase Agreement (“APA”) with Fairway Group Holdings Corp. and certain of its subsidiaries (“Fairway”) to acquire certain assets, including five supermarkets, a production distribution center (the “PDC”) and the intellectual property of Fairway, including the names “Fairway” and “Fairway Markets.” Four of the supermarkets are in Manhattan, specifically the Upper West Side, Upper East Side, Kips Bay and Chelsea locations, and a fifth store is located in Pelham, NY. The acquisition is subject to the approval of the United States Bankruptcy Court for the Southern District of New York at a hearing currently scheduled for April 14, 2020 and other closing conditions set forth in the APA.
SPRINGFIELD, N.J., March 05, 2020 -- Village Super Market, Inc. (NASDAQ:VLGEA) today reported its results of operations for the second quarter ended January 25, 2020. Net.
Fairway Market, together with certain of its affiliates, announced that it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York to complete its strategic sale process. The Company has entered into a stalking horse asset purchase agreement with Village Super Market, Inc. (NASDAQ: VLGEA) to sell up to 5 New York City Fairway stores and its Distribution Center for approximately $70 million. In addition, the Company will execute a Court supervised sale process to continue to negotiate for the sale of its remaining store locations. An Ad Hoc Group of the Company's senior lenders are supportive of the sale process and have agreed to provide the Company with up to $25 million in debtor in possession financing.
Amazon.com Inc. and Shop Rite parent Village Super Market Inc. have bought Fairway assets in a bankruptcy auction, The Wall Street Journal reports. Village Super Market, which also operates Gourmet Garage locations, is buying four Fairway stores in Manhattan and a store in Westchester county while Amazon bought the leases to two stores in New Jersey. Village Super Market purchased the Westchester location after backing out of the Harlem location. Village Super Market stock is down 18.5% over the last year. Amazon stock is up 8.5%. And the S&P 500 index is down 8.9% for the period.
SPRINGFIELD, N.J., Sept. 16, 2019 -- The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared quarterly cash dividends of $0.25 per Class A common share and.
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SPRINGFIELD, N.J., June 04, 2019 -- Village Super Market, Inc. (NASDAQ:VLGEA) today reported its results of operations for the third quarter ended April 27, 2019. Net income.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
On a per-share basis, the Springfield, New Jersey-based company said it had profit of 35 cents. The supermarket chain posted revenue of $395.5 million in the period. Village Super Market shares have declined ...