A&P Emerges from Bankruptcy

A&P Supermarkets (Great Atlantic & Pacific Tea Co.) has emerged from bankruptcy as a private company after it completed a financial restructuring. The chain, which operates 320 stores, also operates under the names Food Emporium and Pathmark.
"We have completed a thorough restructuring of A&P's cost structure and balance sheet to build a strong foundation for the company's future," said Sam Martin, CEO in a statement.
A&P has formed a new management team, refurbished stores and focused them on core markets, negotiated a new agreement with its principal supplier, and modified collective bargaining pacts with unions.

For related content: A&P Selects Deal Management Software Service, A&P Selling 25 Super Fresh Stores, A&P Closing 25 Stores in Five States, A&P Closing 32 More Stores, A&P's Sales Plunge After Promotions Mix-Up, A&P Rolls Out Analytics Business Intelligence to Help Control Shrink, A&P Chapter 11 Filing Marks 19th Retail Bankruptcy in 2010

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