Addressing reports, Fairway Market issued a statement saying it has no intention to file for chapter 7 bankruptcy protection or liquidate all of its stores. The company said it has been engaged in a strategic process and expects to soon announce a value-maximizing transaction that will provide for the ongoing operations of stores.

"Our lenders remain extremely supportive of our efforts," the company said in a statement.

Fairway's statement came in response to a report in the New York Post, which said, "The New York City chain — known for its wide selection of cheeses and cheap produce — is planning to file for a Chapter 7 bankruptcy, which means the grocery chain does not currently have a plan to continue to exist — unlike when it filed what’s known as a Chapter 11 reorganization plan in 2016."

The publication cited unnamed sources. Fairway responded saying, "Such statements are categorically untrue and disappointing."

All 14 stores remain open for business, offering a complete range of high-quality, specialty food products, "and we look forward to seeing our customers and employees," the company concluded.