CNN Features Earth Fare in ‘Organic Grocery Chain Collapse’ Article
High Country Press (NC)
February 10, 2020
CNN Business featured an article written by Nathaniel Meyersohn and Alicia Wallace on Friday detailing the abrupt collapse of a beloved organic grocery chain called Lucky’s Market, based in Boulder, Colorado.
Kroger, America’s largest supermarket chain, took a majority stake in Lucky’s Market in 2016. Four years later, Kroger has officially ended their support of the organic grocery chain, due to steep competition and cost of upkeep; Lucky’s has filed for bankruptcy.
The story of Lucky’s Market bears a striking resemblance to that of Earth Fare, the Asheville-based organic food chain that recently announced it will be liquidating its assets and closing its stores by the end of the month, including the Earth Fare location on King Street.
Earth Fare is mentioned in the article as one of several smaller U.S. supermarkets that have succumbed to bankruptcy in recent times; other recently bankrupted...