Town Square

Post a New Topic

Mi Pueblo may stave off bankruptcy

Original post made on Feb 19, 2014

Mi Pueblo Foods, the San Jose-based grocery chain with a store in East Palo Alto, will ask a federal court to approve a credit package that would keep the company from bankruptcy, according to documents from the U.S. Bankruptcy Court in San Jose.

Read the full story here Web Link posted Wednesday, February 19, 2014, 9:57 AM

Comments (20)

 +   Like this comment
Posted by Raymond
a resident of East Palo Alto
on Feb 19, 2014 at 10:36 am

Traffic, I think was is a major contributor to the lack business. Only two ways out, clogged with traffic in both directions. Who wants to go there?


 +   Like this comment
Posted by EPAMom
a resident of East Palo Alto
on Feb 19, 2014 at 10:39 am

I hope they work it out. How many times has Wells Fargo profited from the demise of business in EPA? Why can't WF work out a deal - what benefit do they get from drumming Mi Pueblo out of business? Is there a reporter out there willing to try to answer that question?


 +   Like this comment
Posted by 35 year resident
a resident of Old Palo Alto
on Feb 19, 2014 at 10:45 am

Mi Pueblo is a valuable asset to the community, offering a variety of items that can't be found at other grocery stores. I ope they can work it out. The EP store seems to be doing quite well. Always busy.


 +   Like this comment
Posted by Just how does that work?
a resident of Menlo Park
on Feb 19, 2014 at 11:06 am

I hope they can work it out - hate to see a good business go under.

However, to say that Wells Fargo profits from businesses going under in EPA is inane. Just how do they make money when a business they underwrote can't pay the bills? Come one, think before you start to blame. No one wins when a business fails.


 +   Like this comment
Posted by smokie
a resident of East Palo Alto
on Feb 19, 2014 at 11:25 am

[Post removed.]


 +   Like this comment
Posted by Wells Fargo problems
a resident of Midtown
on Feb 19, 2014 at 11:30 am

Wells Fargo is busy managing its mortgage fraud suits and can't be bothered with small problems.
Web Link


 +   Like this comment
Posted by resident 1
a resident of Adobe-Meadows
on Feb 19, 2014 at 11:33 am

I really like this store - it has some great products and great food. I like to go over there for a taco and great desert. I think their problem is that they balk at credit cards and want only debit cards. That is a no-go for me. Cash only in that case.


 +   Like this comment
Posted by Hmmm
a resident of East Palo Alto
on Feb 19, 2014 at 11:52 am

Hmmm is a registered user.

Of COURSE WF has made a bundle here in EPA. To say otherwise is ignorance.


 +   Like this comment
Posted by Freddy
a resident of East Palo Alto
on Feb 19, 2014 at 1:11 pm

Is my pueblo like others big companys ? who may trying get adventage of US Govern, the truth of this situation is come soon or lator


 +   Like this comment
Posted by muttiallen
a resident of Adobe-Meadows
on Feb 19, 2014 at 7:35 pm

muttiallen is a registered user.

I love this store. They have great produce, and could certainly raise their prices and still be cheaper than Safeway, etc, across the freeway.


 +   Like this comment
Posted by Anon
a resident of Crescent Park
on Feb 19, 2014 at 9:09 pm

The EPA store is merely one of 21 Mi Pueblo stores. It's the whole corporation that's gone bankrupt, not a particular store. So suggesting that Wells Fargo is profiting from or exploiting EPA is just senseless victimhood. No point trying to demonize WF over the fact that one of their borrowers has gotten into some trouble. If anything, it seems that the Mi Pueblo management is to blame because they based their business plan upon exploiting undocumented labor and now they can't afford to pay a proper wage to documented replacements.

Enough said on that. Great store; I'm there a lot and there's much to like about it -- most of all those oysters they shuck and serve at the front entrance in season. I hope they make it.


 +   Like this comment
Posted by Hmmm
a resident of East Palo Alto
on Feb 19, 2014 at 9:16 pm

Hmmm is a registered user.

Deonize WF? Puhlease. It's not demonizing when it's accurate criticism. They've exploited EPA, which has nothing to do w/Mi Pueblo's in trouble. But since they're involved, it makes sense to mention their shoddy behavior in EPA. I suspect that MP's management & WF are flip sides of the same coin, and therefore suited to each other, more than any of us know.


 +   Like this comment
Posted by aerdii
a resident of Crescent Park
on Feb 20, 2014 at 7:53 am

So Mi Peublo breaks a contract, Wells Fargo decides to ask for their money back, and there is outrage? Consider the logic of this when wondering why communities become "underserved." The money is Wells fargo's after all, not EPA's or Mi Pueblo's.

Talk of "exploiting" and such only makes sense if you feel entitled to someone else's money.

That said, this is a shame. You'd think a business like this could work.


 +   Like this comment
Posted by CrescentParkAnon.
a resident of Crescent Park
on Feb 20, 2014 at 2:00 pm

I don't go there often, but when I do it always looks very busy ... what's the problem?


 +   Like this comment
Posted by outside observer
a resident of another community
on Feb 20, 2014 at 7:46 pm

@Anon,

You got it right about exploiting illegal aliens:

Web Link

The real question now is why aren't the owners jailed?


 +   Like this comment
Posted by Aquamarine
a resident of Stanford
on Feb 20, 2014 at 9:03 pm

aerdii - are you pretending to not understand WF's recent dubious history in E Palo Alto, or you really don't know? Hmmm isn't pro exploitation and you're being obtuse about Hmmm's points. Maybe that's because you're unaware of WF's lousy behavior in EPA?


 +   Like this comment
Posted by Aquamarine
a resident of Stanford
on Feb 20, 2014 at 10:05 pm

Outside Observer, didn't you read the article that you yourself posted? It answered your question about why the store owners aren't in jail even though they've hired undocumented workers.


 +   Like this comment
Posted by 46 year resident
a resident of Menlo Park
on Feb 22, 2014 at 12:07 pm

To blame Wells Fargo is simply trying to pass the buck. Like others have said (and this applies to Mi Pueblo or private home buyers in EPA) if you enter into a contract, then default on the terms of the agreement YOU agreed to, how does that make it the bank's fault?

Mi Pueblo has (apparently) a bad business plan. Instead of blaming WF, you should be pleased that they took a chance on Mi Pueblo.


 +   Like this comment
Posted by Hmmm
a resident of East Palo Alto
on Feb 22, 2014 at 2:31 pm

Hmmm is a registered user.

It is still abundantly clear the people who think that they're in the know re WF's history in EPA aren't in the know at all.

Mi Pueblo's had a dicey rep for some time, re their hiring practices. And back in the day, there were dark rumors about the founder's family. It'd be interesting to see what an investigative reported could come up with - if it was safe enough to dig around.


 +   Like this comment
Posted by Jose
a resident of Stanford
on Feb 26, 2014 at 10:46 pm

[Post removed.]


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Why I Became Active in Palo Alto Forward
By Steve Levy | 12 comments | 2,452 views

Early Decision Blues
By John Raftrey and Lori McCormick | 0 comments | 2,109 views

One night only: ‘Occupy the Farm’ screening in Palo Alto
By Elena Kadvany | 0 comments | 2,007 views

First Interview
By Sally Torbey | 10 comments | 1,327 views

Guest Post #2 from HSSV: Labradoodle Back on His Feet
By Cathy Kirkman | 0 comments | 287 views