TOPIC: Marsh market closing

I always relied on it as well - close and decent selection.

from https://www.ibj.com/articles/64092-key-deadline-in-marsh-sale-passes-without-suitor-surfacing

Key deadline in Marsh sale passes without suitor surfacing
June 6, 2017
by Greg Andrews

Fishers-based Marsh Supermarkets apparently was unable to line up a so-called stalking horse bidder for its remaining 44 stores by Monday's deadline.

Stalking horse bidders are initial bidders that receive favored treatment in return for making an opening offer for a company's assets. Those advatnages typically include a breakup fee if the suitor ultimately is outbid or reimbursement for its expenses.

A sale timetable that Marsh filed with bankruptcy court in Delaware late last month set Monday as the "deadline to designate any stalking horse purchaser." No filings with the court indicate the company was able to line up a stalking horse.

A potential buyer or buyers still might emerge, but time is running out. Under the timeline filed with the court, potential suitors have until 5 p.m. Wednesday to submit bids. If more than one bidder emerges, they will square off at a June 12 auction.

Marsh, which has been trying to find a buyer for months, filed for Chapter 11 bankruptcy reorganization on May 11. The company, which had nearly 120 stores a decade ago, has been retrenching for years amid withering competition from Kroger, Meijer and other chains.

The lack of a stalking horse bidder in a bankruptcy sale does not necessarily signal a lack of suitors, according to a primer on bankruptcy sales posted on the website of Jones Day, a Cleveland-based law firm not involved in the Marsh case.

"Potential purchasers may be reluctant to take on the role of the stalking horse for a variety of reasons, preferring instead to wait for another bidder to negotiate the deal and then participate in the auction," according to the primer.

"The initial bidder typically has to expend greater resources than other bidders in negotiating the deal, performing due diligence, and otherwise setting the 'floor' for the terms of the transaction."

Observers say myriad grocery chains likely are interested some of the stores—ranging from Cincinnati-based Kroger Co., which already is a powerhouse in the central Indiana market, to Pittsburgh-based Giant Eagle, which has only one grocery here.

Marsh' top brass stand to be handsomely compensated if the company can find a buyer. Under a key-employee plan filed with the court, 10 key employees could split as much as $1.1 million if a buyer pays more than $50 million and commits to keep all 44 stores operating as groceries.

I have used Marsh for GenCon food shopping a few times in the last 10 years.

Are there any other alternatives within walking distance of the convention center now?

None that I know of.
A Google Maps search on "grocery stores in downtown Indianapolis" shows two Marsh and something called Market Street Produce. MSP has no web site, but their Yelp page makes it sound more like a fruit stand and not a grocery store.

There is a place called Angelo's at 201 S College Ave. Categorized under Independent Grocery Stores.

"Third generation Salvage/Grocery Store. Frozen food-Oragnics-Grocery Goods-Candy-Pharmaceuticals-Apparel. Shipments are weekly. Something new with every visit!!"


www.yelp.com/biz/angelos-indianapolis-2


Apparently they are still in business as I found a few from a week ago (not on yelp).



Address: 201 S College Ave, Indianapolis, IN 46202
Hours:
Tuesday 8AM–4PM
Wednesday 8AM–4PM
Thursday 8AM–4PM
Friday 8AM–4PM
Saturday 8AM–2PM
Sunday Closed
Monday 8AM–4PM
Suggest an edit


There FB page hasn't been updated since August of last year however there were lots of reviews about 5 months ago....

Full name is either Angelo's Inc or Angelo’s Truck and Railroad Salvage

Angelo's sure closes early

Nearest Stores to the ICC are.

Village Food Mart

1402 S Meridian St

About 4-5 blocks south of Lucas.

Amazon Prime Now is operating in indianapolis, so you can get your groceries delivered to your hotel for a nominal charge (if you are already a Prime member).

primenow.amazon.com/

Matthew Hayward wrote: Amazon Prime Now is operating in indianapolis, so you can get your groceries delivered to your hotel for a nominal charge (if you are already a Prime member).

primenow.amazon.com/

Matt beat me to it.
I posted in the Gen Con forums that this is available in Indianapolis (downtown at least, dunno about outlying hotels)
~Komori

Rebeg wrote: Village Food Mart
1402 S Meridian St

Hmm, that kind of looks like a mini-mart , but it may be the best brick & mortar option available. Thanks for posting that.

Matthew Hayward wrote: Amazon Prime Now is operating in Indianapolis
primenow.amazon.com/

Oooo! Assuming the selection is decent, that sounds like a great idea. Thank you.

There are a few options for delivery of grocery stores online for Indy. A good google search should give everyone those options.

Alex Starkenburg wrote:

Matthew Hayward wrote: Amazon Prime Now is operating in indianapolis, so you can get your groceries delivered to your hotel for a nominal charge (if you are already a Prime member).

primenow.amazon.com/

Matt beat me to it.
I posted in the Gen Con forums that this is available in Indianapolis (downtown at least, dunno about outlying hotels)
~Komori

In the Indianapolis area, Prime Now groceries actually come from Fresh Thyme. Based on this article , it looks like the areas where most hotels are should be covered.