Hub City Times

Top Menu

  • Contact Us
  • E-Editions
  • Subscribe

Main Menu

  • Home
  • News
    • Around the County
    • Arts & Ent
    • Education
    • Government
    • Local
    • Police / Sheriff Calls
  • Covid 19
  • Opinion
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
  • Coming Events
  • Business
  • Obits
  • Classifieds
  • Military Photos
  • Contact Us
  • E-Editions
  • Subscribe

logo

Hub City Times

  • Home
  • News
    • Around the County
    • Arts & Ent
    • Education
    • Government
    • Local
    • Police / Sheriff Calls
  • Covid 19
  • Opinion
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
  • Coming Events
  • Business
  • Obits
  • Classifieds
  • Military Photos
Business
Home›News›Business›Spencer, Neillsville Gordy’s locations sold

Spencer, Neillsville Gordy’s locations sold

By Hub City Times
September 29, 2017
1214
0
Share:
Former Gordy's Market
Former Gordy's Market

By Kris Leonhardt

Editor

MARSHFIELD — The Spencer and Neillsville Gordy’s Market locations were two of 15 stores sold in an auction Sept. 25 with final approval received in a Sept. 28 motion hearing.

The Chippewa Falls-based Gordy’s Market announced Aug. 23 that it would enlist the aid of a receiver to improve its financial operations.

Michael S. Polsky of Beck, Chaet, Bamberger & Polsky operated as receiver and promptly closed down underperforming stores in the family-owned grocery chain, one of which was the Spencer location. The Neillsville store remained open.

The Sept. 25 auction was court ordered to help pay off the Gordy’s debts. The Neillsville location was sold to Family Foods for the sum of $150,000 plus inventory, and the Spencer location was purchased by Settlers bank, based in the Madison area, for $400,000 plus inventory.

Plans for the stores have not been disclosed.

TagsFamily FoodsFeaturedGordy’s MarketSettlers Bank
Previous Article

A&W to open in Spencer

Next Article

Work begins on Wildwood-McMillan Connector Trail

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Opinion

    Auto bonds: Making connections with the vehicles I have driven

    June 15, 2015
    By Hub City Times
  • Ashley Landwehr talks with Spencer High School students in Lifetime Health class. Submitted photo.
    Local

    Spencer students learn about Pajama Banking

    September 26, 2016
    By Hub City Times
  • Local

    Marshfield’s Wenzel Family Plaza to open July 11

    June 14, 2018
    By Hub City Times
  • hub city times logo
    History

    Step back in time: Oct. 15-21 in Hub City history

    October 23, 2017
    By Hub City Times
  • The Colby full-line plant division of Packaging Corporation of America will relocate to Marshfield in 2018.
    Business

    PCA to relocate to Marshfield

    August 10, 2017
    By Hub City Times
  • Darlyne Keller (left), chief administrative officer, and Kelly Korth, chief experience officer for Simplicity Credit Union accept an Excellence Award at the Credit Union National Association Operations, Sales, and Service Council annual conference in Las Vegas on Sept. 29.
    Business

    Simplicity Credit Union receives Excellence Award

    October 7, 2016
    By Hub City Times

Leave a reply Cancel reply

You must be logged in to post a comment.

About Us


Hub City Times is published by Multi Media Channels LLC, N2919 County Road QQ Waupaca, WI 54981.

Timeline

  • April 16, 2021

    Video: April 15 Post Council Press Conference

  • April 15, 2021

    Marshfield School District updates

  • April 14, 2021

    Marshfield council seeks legal advice on group complaint

  • April 14, 2021

    PFC discusses process for new police chief; Zeps named acting chief

  • April 14, 2021

    Area youth invited to participate in Marshfield 150 logo design contest

Find us on Facebook

Copyright © 2020 Multi Media Channels, All Rights Reserved. Designed by MMC Team Awesome
×