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Jon Hubbard

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BUSINESS
February 18, 1989 | MARY ANN GALANTE
Jon Hubbard, founder of the Irvine Ranch Farmers Market chain, has filed for personal bankruptcy, listing total debts of about $2,645,000. The bankruptcy petition, filed in U.S. Bankruptcy Court in Santa Ana, shows assets of $7,900 in cash. "He's got his clothes and his furniture," said Hubbard's bankruptcy lawyer, William C. Starrett II. Hubbard's 12-store, upscale grocery chain filed for protection from creditors in July, listing liabilities of $17.5 million.
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BUSINESS
March 7, 1989 | MARY ANN GALANTE, Times Staff Writer
Pacific Ranch Markets has signed an agreement to take over the Irvine Ranch Farmers Market in Orange--leaving only one grocery store in the county still operating under the Irvine Ranch name. Effective March 13, Santa Ana-based Pacific Ranch Markets will begin operating the 21,000-square-foot store at Newport and Chapman avenues, said Dan Parker, president of Tri Pacific Commercial Brokerage Inc., which represents Pacific Ranch.
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BUSINESS
March 7, 1989 | MARY ANN GALANTE, Times Staff Writer
Pacific Ranch Markets has signed an agreement to take over the Irvine Ranch Farmers Market in Orange--leaving only one grocery store in the county still operating under the Irvine Ranch name. Effective March 13, Santa Ana-based Pacific Ranch Markets will begin operating the 21,000-square-foot store at Newport and Chapman avenues, said Dan Parker, president of Tri Pacific Commercial Brokerage Inc., which represents Pacific Ranch.
BUSINESS
February 18, 1989 | MARY ANN GALANTE
Jon Hubbard, founder of the Irvine Ranch Farmers Market chain, has filed for personal bankruptcy, listing total debts of about $2,645,000. The bankruptcy petition, filed in U.S. Bankruptcy Court in Santa Ana, shows assets of $7,900 in cash. "He's got his clothes and his furniture," said Hubbard's bankruptcy lawyer, William C. Starrett II. Hubbard's 12-store, upscale grocery chain filed for protection from creditors in July, listing liabilities of $17.5 million.
BUSINESS
August 18, 1988 | MARY ANN GALANTE, Times Staff Writer
Irvine Ranch Farmers Market, the upscale grocery chain that filed for protection from creditors last month, has closed its Northridge store and is negotiating to sell five of its remaining 10 Southern California stores. The bankrupt company--known for its fancy produce and butcher-cut meats--is talking with an unidentified grocery chain operator about selling five of its more profitable markets, said a source familiar with the negotiations.
BUSINESS
September 2, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has presented an offer to buy at least three stores from the Irvine Ranch Farmers Market chain, which is currently in bankruptcy reorganization. Peter Sodini, president and chief executive of Boys, confirmed Thursday that American Breco Corp., a Century City-based holding company, "has presented a proposal that says we'll take three stores."
BUSINESS
September 14, 1988 | MARY ANN GALANTE, Times Staff Writer
Unsecured creditors of Irvine Ranch Farmers Market agreed Tuesday to pursue negotiations with Chalet Gourmet--a Los Angeles upscale grocery store--to bail out Irvine Ranch from bankruptcy reorganization. The management of Chalet Gourmet and their investment bankers have proposed a debt-for-equity deal under which the unsecured creditors would get a minority ownership share of the Costa Mesa-based market company. The arrangement was proposed to a committee of unsecured creditors on Tuesday.
BUSINESS
September 20, 1988 | MARY ANN GALANTE, Times Staff Writer
In a surprise move, an investor group headed by the owner of the Chalet Gourmet grocery in Los Angeles has stepped in to buy controlling interest in Irvine Ranch Farmers Market, now in bankruptcy court proceedings. In an agreement in principle reached late Monday, the investor group agreed to immediately invest more than $2.6 million into the Irvine Ranch chain, attorneys for both companies said.
BUSINESS
August 26, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has broken off negotiations to buy up to five stores from the bankrupt Irvine Ranch Farmers Market chain. Even so, American Breco Corp., a holding company with interests ranging from real estate development to retailing, remains interested in buying the most profitable Irvine Ranch stores, a source familiar with the negotiations said Thursday.
BUSINESS
September 20, 1988 | MARY ANN GALANTE, Times Staff Writer
In a surprise move, an investor group headed by the owner of Chalet Gourmet grocery in Los Angeles has stepped in to buy controlling interest in Irvine Ranch Farmers Market, now in bankruptcy court proceedings. In an agreement in principle reached late Monday, the investor group has agreed to immediately invest more than $2.6 million into the Irvine Ranch chain, attorneys for both companies said Monday.
BUSINESS
July 26, 1988 | MARY ANN GALANTE, Times Staff Writer
Bankrupt Irvine Ranch Farmers Market could sell some of its upscale grocery markets as it reorganizes its debts, the chain's founder said Monday. But the ailing company has no immediate plans to close stores. Majority owner and founder Jon Hubbard said that the chain's finances are being evaluated and that no decisions have yet been made. But he said he foresees no terminations among Irvine Ranch's 800 to 1,000 workers.
BUSINESS
July 23, 1988 | MARY ANN GALANTE, Times Staff Writer
Irvine Ranch Farmers Market, an upscale grocery chain with 11 stores throughout Southern California, filed Friday for protection from its creditors under federal bankruptcy laws. The Costa Mesa-based company--known for its fancy produce and fresh meats--blamed an overly rapid expansion for its problems. The chain's stores will remain open as it reorganizes its debts. Documents filed late Friday in U.S. Bankruptcy Court in Santa Ana listed liabilities of $17.
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