Sources Speculate A&P Could Declare Bankruptcy as Soon as this Week


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Wed. July 15th, 2015 - by Jessica Donnel

MONTVALE, NJ - The corporate parent of the A&P, Pathmark, Waldbaum’s, and Food Emporium grocery chains is set to file for Chapter 11 as soon as this week, sources are reporting.

An A&P Location. Photo credited to Bloomberg News.

According to the New York Post, A&P’s filing is expected to come in the form of a “prepackaged” bankruptcy, meaning it would divide up and sell the company’s most profitable locations.

An A&P Flyer From 1965.Yesterday, an A&P spokesperson repeated statements given to media in recent weeks about a potential bankruptcy at the company, saying, “No decision has been made ­regarding a particular outcome, and it would be inaccurate and ­irresponsible to suggest otherwise. The company is committed to continuing to serve its customers and communities as it always has and intends to keep its stores fully staffed.”

A&P has reportedly already taken steps towards a bankruptcy, hiring Evercore Partners, an investment bank that specializes in selling assets, sources told The Post. This bankruptcy would come on the heels of A&P’s 2007 acquisition by Pathmark, a deal that left A&P with a considerable amount of debt. 

Sources cited Mid-Atlantic-based ACME Markets, owned by parent company Albertson’s and Safeway, as a potential buyer for nearly 80 of A&P’s 300 or so locations, according to the Post. The same sources also offered Kroger and Ahold as potential buyers.

A&P