Fairway supermarket denies it's declaring bankruptcy, closing down stores

Fairway Market
Photo credit Sipa USA
By 1010 WINS

NEW YORK (1010 WINS) -- Fairway Market denies claims they would be shutting down all of its stores, despite reports.

"Fairway Market has no intention to file for Chapter 7 or liquidate all of its stores. Such statements are categorically untrue and disappointing," they said in a statement.

The company, who put itself up for sale in 2019, grappled in finding a buyer.

"Fairway has been engaged in a strategic process and expects to soon announce a value maximizing transaction that will provide for the ongoing operation of stores.Our lenders remain extremely supportive of our efforts."The company confirmed that all 14 of their stores remain open for business and they look forward to continue seeing their customers and employees.

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