|
One of America's biggest grocery chains is on the brink of death
 [CHRON] A&P is considering filing for bankruptcy, Bloomberg reports. The 156-year-old chain was once America's largest grocer with more than 15,000 locations. Now, it has fewer than 400 stores and it's struggling to stay in operation. "Bids for A&P were due last month as part of an auction for the company, but no viable offers for the entire chain were received," Bloomberg reports, citing sources familiar with the situation. "That means the stores could be sold piecemeal, marking the end of what was once the largest U.S. grocer." A&P told Bloomberg, however, that "No decision has been made regarding a particular outcome, and it would be inaccurate and irresponsible to suggest otherwise." Posted by: Fred 2015-06-21 |
| http://www.rantburg.com/poparticle.php?ID=421025 |