Supermarket News reported last week that the Pathmark store in Howell, NJ will close in October. According to union sources, the employees were notified the previous week.
Parent company A&P announced in July that Pathmark stores would close in Cherry Hill, Camden and Edgewater. A&P, which also includes Super Fresh, Waldbaum's, The Food Emporium and Food Basics, recently hired Credit Suisse to help review strategic alternatives that may include selling the company.
Many think the end is near for the iconic brand, a sentiment that's hard to argue with as competitors like ShopRite, Giant and others continue to eat away at A&P's market share.
Showing posts with label Credit Suisse. Show all posts
Showing posts with label Credit Suisse. Show all posts
Tuesday, September 3, 2013
Friday, July 26, 2013
A&P may put itself up for sale
According to multiple reports, A&P, formally known as the Great Atlantic and Pacific Tea Company, has hired Credit Suisse to help review strategic alternatives that may include selling the company. A&P brands include Pathmark, which recently announced the closing of three stores in New Jersey, as well as Superfresh, Waldbaum's, The Food Emporium and Food Basics.
Bloomberg News reports that A&P may also raise new capital from investors, consider new business partners or refinance the company.
A&P, which emerged from bankruptcy last year, has more than 300 locations. The Wall Street Journal said yesterday that the company's asking price could be as high as $1 billion.
Bloomberg News reports that A&P may also raise new capital from investors, consider new business partners or refinance the company.
A&P, which emerged from bankruptcy last year, has more than 300 locations. The Wall Street Journal said yesterday that the company's asking price could be as high as $1 billion.
Wednesday, March 14, 2012
A&P emerges from bankruptcy as private company
In a statement today, A&P said it emerged from bankruptcy as a private company, having completed a court-approved financial restructuring. It had filed for bankruptcy in December 2010. The company said that JPMorgan Chase and Credit Suisse arranged for $645 million in exit financing.
A&P also said that it assembled a new management team, refurbished stores and concentrated them near core markets, negotiated a new agreement with its main supplier and made necessary changes to its collective bargaining contracts with unions.
A&P (The Great Atlantic & Pacific Tea Company) operates under the names A&P, Super Fresh, Pathmark and Food Emporium.
A&P also said that it assembled a new management team, refurbished stores and concentrated them near core markets, negotiated a new agreement with its main supplier and made necessary changes to its collective bargaining contracts with unions.
A&P (The Great Atlantic & Pacific Tea Company) operates under the names A&P, Super Fresh, Pathmark and Food Emporium.
Subscribe to:
Posts (Atom)