Lucky’s Market Bankruptcy Update: Which Stores Are Being Sold?

After filing for Chapter 11 bankruptcy and announcing it was closing several stores, Lucky’s Market is reportedly selling certain locations to grocery store chains Publix Super Markets and Aldi.

Publix will buy five Lucky’s Market store leases in Florida while Aldi will pick up several locations in the state as well, the Orlando Business Journal reported.

Under Publix’s agreement, it will purchase leases in Orlando, Clermont, Ormond Beach, Naples, and Neptune Beach, Florida, the news outlet said. Publix confirmed the transaction, telling the news outlet that it was “currently in the due diligence process.”

Publix has more than 140 stores located in Central Florida.

Aldi also confirmed its purchase of the Lucky Market stores with Dan Gavin, vice president of national real estate for the company telling the Orlando Business Journal that the discount grocery store could open as many as 20 new Florida stores in 2020.

"Among other innovative real estate strategies, site acquisitions are an important part of our growth efforts. We are pleased to continue to invest in Florida,” Gavin said.

Aldi has more than 144 stores and two distribution centers located in Florida. The company has a total of 1,800 locations in 35 states with reported plans to have 2,500 stores nationwide by 2022.

Lucky’s Market said it would be closing 32 of its 39 stores, which includes 20 locations in Florida. The company’s West Melbourne, Florida, store will reportedly remain open.