Struggling Haggen Files for Bankruptcy Protection
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Haggen says it's filed for protection from creditors while it tightens its business into a smaller, profitable footprint, signaling a surprisingly early demise for its unlikely bid to become a West Coast grocery superpower. The Bellingham, Wash.-based grocer on Tuesday filed a Chapter 11 bankruptcy petition with a U.S. court in Delaware. Haggen says its creditors have committed up to $215 million to keep the company running while it sells stores.