The Marsh Liquidation Starts Today at Stores Not Being Sold
INDIANAPOLIS-- The Marsh sale is going ahead after a bankruptcy court decided to give it conditional approval yesterday.
Twenty-six of the chain's remaining 44 stores in Indiana and Ohio are being sold. Topvalco, a subsidiary of Kroger, is buying 15 stores; Ohio-based Generative Growth II is buying 11 stores.
The remaining 18 stores, 17 of them in Indiana, will close. A Marsh spokesperson said liquidation sales in those stores will start Thursday, and continue "until everything is gone". The sales are expected to last through next month.
CVS had asked for a three-week delay on the sale so that their lawyers could look into whether or not it was legal. They made a deal to buy Marsh pharmacies, with the caveat that any buyers could not operate a pharmacy in the stores for five years. The buyers insist that they be able to have pharmacies in the stores.
The bankruptcy court threw out the CVS objection.
Map: Marsh "Going Out of Business" Sales
Inside Indiana Business listed the stores where liquidation will begin:
- 315 14th St. in Logansport
- 2140 East 116th Street in Carmel
- 2410 N. Salisbury in West Lafayette
- 14450 Mundy Drive in Noblesville
- 5624 Georgetown Rd. in Indianapolis
- 5151 E. 82nd Street in Indianapolis
- 1815 Albany Street in Beech Grove
- 208 Southway Blvd E. in Kokomo
- 2250 Teal Rd. in Lafayette
- 6965 W. 38th St. in Indianapolis
- 2350 Broad Ripple Avenue in Indianapolis
- 1800 S. Burlington Drive in Muncie
- 4755 E. 126th Street in Carmel
- 2810 Nichol Avenue in Anderson
- 1508 Virginia Avenue in Connersville
- 1900 N. Walnut in Muncie
- 1500 Plaza Drive in Hamilton, OH
- 343 1401 N. Washington Street in Kokomo
(Photo by RTV6. Map by Ashley Fowler, WIBC News.)