Subscribe for 33¢ / day
Gordy's Market locations purchased by Schafer family

A Gordy's Market store in downtown Chippewa Falls is pictured on Wednesday, Nov. 29. Members of the Schafer family entered into a purchase agreement to buy six Gordy's locations, including Chippewa Falls and Lake Wissota locations, after auction proceedings in Milwaukee.

SARAH SEIFERT, The Herald

CHIPPEWA FALLS, Wis. —Members of the Schafer family have entered into a purchase agreement for six Gordy’s stores — including Chippewa Falls and Lake Wissota — that were slated to be auctioned off Wednesday, according to receiver Michael Polsky.

Polsky, a Milwaukee attorney, has been involved in the sale and negotiation of Gordy’s Market entities since the chain entered receivership in August.

The purchase agreement — which involves stores in Chippewa Falls, Lake Wissota, Cornell, Ladysmith, Barron and Chetek — was made after the Wednesday morning auction, the release said. Judge James Isaacson is slated to approve the sales at a hearing at 1:30 p.m. Dec. 11 in Chippewa County Circuit Court.

“This transaction is in the best interest of our business, our customers, our vendors and our communities, and we are hopeful that the judge will issue his approval in December,” said Jeff Schafer, Gordy’s Market president, in a written statement.

Schafer also said running six stores — instead of 26, as of earlier this year — will allow the company to become closer to its roots. The company began in 1966; members of the Schafer family have owned and operated the company since its inception.

The chain entered receivership in August, and has since sold stores in Black River Falls, Osseo, Augusta, Whitehall, Shell Lake, Spencer, Eau Claire, Hayward and Chippewa Commons.

No mention was made of the Gordy’s Stanley location, which was not included in the six stores auctioned Wednesday at the Milwaukee Athletic Club.

0
0
0
0
2

Sarah Seifert is a reporter for the Chippewa Herald. Contact her at 715-738-1607 ext. 1607.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thanks for reading. Subscribe or log in to continue.