TUESDAY November 12, 2019
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Acosta says it will file for prepackaged bankruptcy
Daily Record JACKSONVILLE
Rowe’s now won’t take Gateway Publix space
Company says its vendors and employees will be paid in full during the process.
Daily Record Daily Record JACKSONVILLE
“We will not be doing this location. The economics didn’t work out. He JACKSONVILLE wanted more than I could afford.” MIKE ROWE, OWNER OF ROWE’S IGA SUPERMARKETS
Southeastern Grocers still is looking at the location.
KAREN BRUNE MATHIS EDITOR
Rowe’s IGA Supermarkets owner Rob Rowe said Sunday he will not take over the Publix space at Gateway Town Center. “We will not be doing this location,” Rowe said, explaining that he couldn’t agree to the landlord’s rental terms. “The economics didn’t work out. He wanted more than I could afford,” Rowe said. A representative with Gateway owner and landlord Gator Investments LLC has not returned requests for comment
in previous attempts regarding the Publix lease and could not be reached by Monday afternoon. A spokesman for Lakeland-based Publix Super Markets Inc. said Oct. 25 the company intends to close the store it has operated for almost 20 years at 5210 Norwood Ave. in the Brentwood area Dec. 28. Publix said its lease is expiring and there are factors that go into determinSEE ROWE’S, PAGE 2
BY MARK BASCH CONTRIBUTING WRITER
Jacksonville-based Acosta Inc. announced Friday it will file a prepackaged Chapter 11 bankruptcy reorganization plan, with a majority of creditors in agreement. The sales and marketing company said the plan will be filed “in the coming weeks.” The plan provides for vendors to be paid in full during the Chapter 11 process and for all employees to receive th e ir u s u a l compensation. “This process will enable us to continue to operate our business with- Pickett out disruption to clients, customers, employees, and business partners,” CEO Darian Pickett said in a news release. Pickett, a 28-year veteran of the company, was promoted to chief executive officer in July. The plan will eliminate $3 billion in debt by converting it into equity, and investors have committed $250 million in new equity capital. As a private company, Acosta does not publicly disclose its finances. The company founded more than 90 years ago has more than 30,000 employees in the U.S., Canada and Europe. Florida Trend magazine estimated its revenue at $2.3 billion in 2018. The Carlyle Group, an international investment firm, acquired majority control of Acosta in 2014 SEE ACOSTA, PAGE 2
Chan buys site for Blue Bamboo II Blue Bamboo owner and chef Dennis Chan plans to open Blue Bamboo II at 10110 San Jose Blvd. in late summer. Chan said Friday he bought the 4,300-square-foot office building for the restaurant, which he plans to expand to 7,000 square feet. Inside, guests at the bar will have a clear view of the action in the kitchen through a long picture window. The dining room will offer seating options for private parties of 12 to 150. The restaurant also will feature collectibles, including a baker’s table from the former Worman’s Bakery Downtown. More at JaxDailyRecord.com
VOLUME 106, NO. 253 • ONE SECTION