Earth Fare Out!

Earth Fare is going out of business. The only store in Dayton, Ohio closed over two years ago.

Earth Fare files for Chapter 11 and announced it's going to begin the process of liquidation under Chapter 7.

Today, the company announced it was planning to sell off its assets and go out of business.

In the February 4th filing with the U.S. Bankruptcy Court in Delaware, the grocery store that specializes in healthy foods and smart grocering will sell both their assets and liabilities both totaling between $100 to $500 million respectfully.

Distributor United Natural Foods Inc is listed as the largest creditor, owed nearly $9.6 million.

The Asheville, North Carolina-based natural and organic grocer said it hoping to restructure or reorganize or even sale the company.

It plans on closing 50 stores and its corporate office and sell its assets.

Earth Fare employs 3,000 employes and operates in 10 states. States affected are Alabama, Florida, Georgia, Indiana, Michigan, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Except Virginia, Donald J. Trump carried these states. The "Great American Comeback" folks.

The Oak Hill Capital Partners owns the company and piled it with debt. The company couldn't pay back the debt and it went out of business.

You noticing a pattern here.

Private equity is destroying retail and small businesses. It is practically unfettered capitalism.