The A&P store auction held earlier this month left more than 100 units still unsold.
As expected, the auction has heated up regarding the sale of A&P stores as the Montvale, NJ chain sells and closes stores under Chapter 11 bankruptcy.
Baltimore-based Mars Super Markets is reportedly exploring options to sell its 13 remaining area supermarkets.
BJ’s Wholesale Club has named Christopher J. Baldwin as its new chief operating officer and president, reporting to CEO Laura Sen.
The deadline for submissions for A&P’s stores has been extended to September 17 with the auction date pushed back to October 1-2.
The Fresh Market has named former Food Lion CEO as its new president and chief executive officer.
Prior to the first of several auctions slated for later this month, U.S. Bankruptcy Judge Robert Drained rules on September 1 to allow A&P to restrict seniority bumping rights at 25 stores scheduled to close by mid-October.
Stock in Fairway Group Holdings dipped sharply following the company’s release of quarterly losses and sales declines that were more severe than had been expected.
Creditors and labor unions are objecting to A&P’s bankruptcy plan, causing the chain’s chapter 11 plan to hit a bump.
Supervalu announced July 28 that it is exploring a separation of its Save-A-Lot business.