A&P Files For Bankruptcy: The Final Chapter
MONTVALE -- The Great Atlantic Pacific & Tea Company, which operates about 300 grocery stores in the northeast, filed for bankruptcy Sunday.
The Montvale-based company, known for its A&P branded supermarkets, lists assets and debts of more than $1 billion each in its Chapter 11 bankruptcy filing.
The company's relationships with its vendors "have grown increasingly strained," Michael R. Nowlan, a senior managing director for FTI Consulting, said in a court filing. FTI is a financial advisor to A&P.
from NJ.com
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