Shopko may be headed for bankruptcy after $67 million lawsuit


Green Bay-based retailer Shopko, which operates stores in Belvidere, Beloit and Freeport, appears to be headed for bankruptcy.

A pharmaceutical company filed a complaint against Shopko to stop selling its products in their stores because Shopko owes them more than $67 million, WBAY reports.

McKesson Corporation says they haven’t received payment for the products since November and asked a judge this week to block the sales of their drugs at Shopko pharmacies.

In court, an attorney for McKesson said Shopko could file for bankruptcy as soon as January 15th.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News Video

Trending Stories