Moo & Oink scheduled to go to auction
BY SANDRA GUY Business Reporteremail@example.com August 17, 2011 6:10PM
Updated: November 3, 2011 10:06AM
Moo & Oink, a 150-year-old icon of quality, affordable meat in the African-American community, is up for auction on Aug. 29, according to a legal notice.
The notice says the auction at the law office of Belongia, Shapiro & Franklin LLP, 20 S. Clark St., will include sales of Moo & Oink inventory and store fixtures and equipment.
Moo & Oink has three stores in Chicago and one in south suburban Hazel Crest, offers online ordering of its products, and supplies local restaurants and specialty grocers with meat, ribs, pork, chitterlings and other meat products.
No one at Moo & Oink or at the law firm, which represents the retailer’s creditors, would comment Wednesday. But Norman Light, an attorney listed as the company’s agent with the Illinois secretary of state, acknowledged that Moo & Oink was looking for a buyer.
Retail experts speculate that Moo & Oink fell victim to the African-American community’s increased efforts to eat heart-healthy foods, high commodity prices and increased competition as Wal-Mart, Save-A-Lot and other discount retailers move into “food desert” neighborhoods that had no mainstream grocers.