Report: Pathmark For Sale

Grocery chain operates a store on Jericho Turnpike.

Pathmark's parent company may look to sell.
Pathmark's parent company may look to sell.
Attention Pathmark shoppers: your local supermarket may soon be sold.

On Thursday, The Wall Street Journal (subscription required) reported that Pathmark parent company, Great Atlantic & Pacific Tea Co. (A&P), is seeking to sell the company after emerging from bankruptcy in 2012.

The Journal, citing an internal company memo sent to store managers by Great Atlantic Chairman Gregory Mays, said a number of options to fund growth are being explored. Among those options are raising capital and a refinancing. The memo also indicated sale of the company is possible.

The New Jersey-based A&P operated about 400 supermarkets before filing for bankruptcy in December 2010. Sales were $8.8 billion at that time.

Today, the company has about 320 stores under various names including Pathmark, Food Emporium, Super Fresh and A&P.

R. Smith July 27, 2013 at 12:53 PM
They have been trying to sell A and P for awhile, but part of deal is that Pathmark goes with it.


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