Two Kings Food Markets locations have closed, with a third set to close with week and possibly three more to follow in the New Year.
The grocer’s Maplewood and Hoboken South locations shuttered this week. A location in Gillette will soon be joining them.
If a buyer isn’t found for locations in Warren, Bernardsville and Ridgewood, they will close in 2021, a Kings spokesperson told NJBIZ via email.
Kings parent company KB US Holdings Inc. filed for Chapter 11 bankruptcy on Aug. 23, and Albertsons Cos. Inc. purchased 27 stores, including all but the six Kings locations and the locations of New York City specialty grocer Balducci’s Markets, for $96.4 million cash during a bankruptcy auction in October.
Both Kings and Balducci’s will continue under their own banners through and after the closing of the sale, which is still awaiting regulatory approval.