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Wed Jan 2, 2013, 06:31 AM

Update: Centennial wants to sell 13 liquor stores to Pilot Point company

This is an update to the thread that I posted on December 19 of last year.

Centennial Beverage files for Chapter 11 bankruptcy

http://www.democraticunderground.com/10785030

Five liquor stores in Tarrant County would be sold by Centennial Beverage Group to Cheers Spirits & Liquors of Pilot Point as part of a deal submitted for approval in U.S. Bankruptcy Court.

A judge in Dallas is scheduled to consider the sale Friday.

The stores, including two in Fort Worth, would be among 13 Centennial liquor stores being sold to Cheers. The Fort Worth stores are on Alta Mere Drive and Camp Bowie Boulevard. Other area locations are in Hudson Oaks, Trophy Club and Azle, according to court filings. The list also includes stores in Addison, The Colony, Highland Village, Weatherford and Granbury and three in Dallas, on Greenville Avenue, Marsh Lane and Walton Walker Road.

The sale is contingent on the Texas Alcoholic Beverage Commission issuing licenses to Cheers to operate the stores, the filing said. Cheers would begin making lease payments in January on the stores, but Centennial would continue to operate them until the licenses are issued, court filings say.

Read more here: http://www.star-telegram.com/2013/01/01/4517855/centennial-wants-to-sell-13-liquor.html#storylink=cpy

It appears that they are consolidating their operations to the liquor stores close to their corporate HQ near Northwest Highway & I-35. I won't be surprised if some drivers lose their jobs soon.

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Reply Update: Centennial wants to sell 13 liquor stores to Pilot Point company (Original post)
TexasTowelie Jan 2013 OP
efhmc Jan 2013 #1

Response to TexasTowelie (Original post)

Wed Jan 2, 2013, 03:55 PM

1. They have been around a while.

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