Queens, NY – Seasons, The Supermarket Chain That Declared Bankruptcy, Relaunching Under New Ownership
Queens, NY – Seasons, the kosher supermarket chain that declared bankruptcy last year, has new owners and is reopening one of its closed locations.
The bankruptcy filing in September was big news because Seasons, founded in New York City’s Queens borough in 2011, had national ambitions. In addition to stores across the city, Seasons had opened a location in Maryland and was on the verge of doing so in Ohio.
But those stores were closed, along with the Seasons supermarkets on Manhattan’s Upper West Side and in suburban Scarsdale, New York. At the time of the bankruptcy filing, Seasons was more than $40 million in debt. Though the debt is still being dealt with, a spokesman told JTA that management is “charging full steam ahead.”
According to a news release sent Thursday, Seasons is under the ownership of the family of businessman Joseph Bistritzky, CEO of the Maramont Corp., a food services company.
“Together, we have years of familiarity with kosher food manufacturing and distribution,” Bistritzky said in the news release. “We have redeveloped the operational side of many businesses, by forming and training managerial teams to have a keen understanding of community relations and family interface.”