New York-based grocery chain Fairway Market said Wednesday morning it has no plans to file for Chapter 7 bankruptcy, following a report that said it was preparing to do so.
“Despite reports, Fairway Market has no intention to file for chapter 7 or liquidate all of its stores,” the company shared on Twitter. “All 14 stores remain open for business, offering a complete range of high quality, specialty food products, and we look forward to seeing our customers and employees.”
The New York Post had reported on Tuesday evening that Fairway was planning, as soon as Wednesday, to announce it would be liquidating its entire fleet of 14 grocery stores in the New York area, including a flagship shop on the Upper West Side at Broadway and West 74th Street.
A representative from Fairway wasn’t immediately available to respond to CNBC’s request for comment.
In 2016, Fairway filed for Chapter 11 bankruptcy protection, but managed to emerge after restructuring its business that same year with new management. Only one store was shuttered at the time.