(Reuters) - Supermarket company Bi-Lo LLC, which owns the Winn-Dixie chain, is planning to close at least 100 stores in a potential bankruptcy, two people familiar with the matter said on Friday.
One of the people said the filing could come as soon as next month.
The news about a likely bankruptcy filing by Bi-Lo was first reported by Bloomberg, which said the company is laboring under more than $1 billion in debt following its 2005 buyout by Lone Star Funds. (bloom.bg/2o2nY0v).
Bi-Lo was not immediately available for comment.
Reporting by Tracy Rucinski in Chicago and Ankit Ajmera in Bengaluru; Editing by Arun Koyyur