WEDNESDAY October 21, 2020
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Daily Record JACKSONVILLE
Southeastern Grocers files for IPO
Daily Record JACKSONVILLE
The parent company of 420 Winn-Dixie stores and two other brands said sales are up 19.8%. BY MARK BASCH
CONTRIBUTING WRITER
Southeastern Grocers Inc. is going public with 420 supermarkets under the Winn-Dixie, Harveys and Fresco y Mas ban-
ners that produced $6.7 billion in sales last year. But with a surge in business during the COVID-19 pandemic, comparable-store sales jumped 18.4% in the first half of this year and the Jacksonville-based com-
pany became profitable, according to its registration statement for an initial public offering. So u t h ea s te r n Grocers announced last month it filed a confidential registration statement with the Securities and Exchange Commission for a possible IPO, but gave few details. The company filed its public statement with the SEC on Oct.
19 that does not say how much stock will be sold in the IPO, but gives details on operations of the supermarket chain. However, the registration statement still doesn’t reveal who owns the company. The section titled “Principal and Selling Stockholders” is blank. Southeastern Grocers went through a prepackaged Chapter
11 bankruptcy reorganization in 2018 that resulted in a group of creditors receiving the company’s stock in exchange for debt. However, court documents never specified who received the stock and became owners of the company. Southeastern Grocers was
Daily Record DAVIS: JAX CHAMBER Daily EXCEEDING TARGETSRecord JACKSONVILLE
SEE IPO, PAGE 2
THE MATHIS REPORT
JACKSONVILLE
“The results have been
incredible and our team has a pipeline of folks that want to move
to our community.”
KAREN BRUNE MATHIS EDITOR
The JAX Chamber president and CEO says city has landed 2,447 jobs and $856.7 million in capital investment. JAX Chamber President and CEO Daniel Davis said the business trade group is exceeding its employment and investment targets for the year as of September. “We’ve announced thousands of jobs, hundreds of millions of dollars worth of capital improvements. And to think about us doing that at a time like this,” Davis told the group’s Mandarin Council on Oct. 8. The chamber’s most recent numbers show 2,447 jobs and $856.7 million in
capital investment announced by 15 companies. That compares with 2,312 jobs and $354.3 million capital investment announced by 15 companies for calendar 2019. Davis did not say what the goals were, but that the chamber exceeded them during a pandemic. It was the area council’s second inperson meeting since shutdowns began in March because of the COVID-19 pandemic. The group meets at Bonefish Grill in Mandarin. He attributed the achievement to Jacksonville’s often-cited attributes, especially its business climate. “We’re going to see growth because people are seeking those places to live and to reestablish a business,” he said. Davis told the 20 or so attendees that he realizes some are experiencing financial difficulties and others are having some of their best years. He said the chamber has adjusted as well, including canceling group trips and limiting large in-person events. “If you would have asked in March what our economic development numbers were going to be like, I probably would have told you it’s going to be a
DANIEL DAVIS JAX CHAMBER PRESIDENT AND CEO
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City issues permit for $58M Amazon project The city issued a permit Oct. 19 for tenant build-out for Amazon.com’s new Imeson Park fulfillment center shell building at a cost of almost $58.1 million. Evans General Contractors LLC of Savannah, Georgia, is the contractor for that as well as for the almost 1.1 millionsquare-foot shell building the city approved Sept. 23 for almost $41.2 million. So far, online retailer Amazon.com Inc.’s new Imeson Park fulfillment center
is at least a $106.1 million project. Building and related permits show the e-commerce facility will cost that amount and there likely will be further investment as conveyors and other equipment are installed. Seattle-based Amazon announced Sept. 2 that it will open a 500-job fulfillment center in fall 2021 at 10501 Cold Storage Road in the North Jacksonville industrial center.
SEE MATHIS, PAGE 2
Contract awarded for JU basketball practice facility Balfour Beatty announced Oct. 15 that Jacksonville University awarded it the contract to build the $8 million JU Basketball Performance Center that will be home to the men’s and women’s basketball program and daily operations. The two-story, 26,000-square-foot practice facility will be built next to JU’s Historic Swisher Gymnasium and is set to open before the start of the 2021-22 season. It will also have offices for coaches and a weight room.
VOLUME 107, NO. 238 • ONE SECTION