Detroit grocery store owners have purchased the L&L Food Centers in Meridian Township and Martin Luther King Blvd. The MLK location should remain open throughout the transition, while the closed Meridian Township store is expected to reopen in the near future.
According to excerpts from the article:
The L&L Food Center in East Lansing closed on Monday, but it should reopen, according to the store's new operator.
Brothers Randy and Roni Watha, owners of Seven Mile Food Inc. in Detroit, bought the inventory and fixtures from the store at 6075 Hagadorn Road in
East Lansing for $60,000.
Randy Watha said he hopes to work out a lease in the next couple weeks and reopen the store with the same employees as soon as possible.
The Wathas also purchased the property, buildings, inventory, equipment and fixtures for the L&L store on Martin Luther King Jr. Blvd. in Lansing for $740,000.
That store should remain open through the transition, Watha said.
L&L, which was founded in 1931 by the Levandowski family, had been operating under receivership since Dec. 14. It couldn't secure financing to keep operating and couldn't pay back $2.47 million in loans to Flint-based Citizens Bank.
Five of its stores closed since last spring.
Read the entire article
here.
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