A&P Files for Chapter 11

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A&P Files for Chapter 11

Post by rich » 12 Dec 2010 23:51

the debt they piled up buying Pathmark appears to have the major culprit. They also have supply chain problems as a consequence of contracting out to C&S.
http://www.nj.com/news/index.ssf/2010/1 ... nkrup.html
http://online.wsj.com/article/SB1000142 ... lenews_wsj

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Re: A&P Files for Chapter 11

Post by jamcool » 13 Dec 2010 00:12



Re: A&P Files for Chapter 11

Post by RoleModel » 13 Dec 2010 12:35

One step closer to making Stop & P a reality.

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Re: A&P Files for Chapter 11

Post by Andrew T. » 13 Dec 2010 14:10

Sad. The news sets a new skew on this thread, I must say...
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Re: A&P Files for Chapter 11

Post by klkla » 13 Dec 2010 18:38

I don't think this will be the end of A&P for a long shot. They pay leases on over 70 closed stores. Getting rid of those leases will save lots of money. They have more retired employees than active. I imagine they will cut or elimintate their pensions like the airlines did when they went bankrupt. The bankruptcy will go a long way towards elininating many of their legacy costs and either a) make them a stronger company post-BK or 2) a more attractive prospect for selling the company.

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Re: A&P Files for Chapter 11

Post by Groceteria » 14 Dec 2010 09:38

A reminder to all: posts and particularly speculation about current operations of chains are off-topic here. Feel free to discuss issues surrounding A&P in historical perspective here, but if your post is primarily about current operations, click here for an approriate message board.

Posts that are exclusively about current operations with no historical tie-in will be deleted without comment.


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