Written by Greg Sleter
Attention Pathmark shoppers: your local supermarket may soon be sold.
The Wall Street Journal (subscription required) reported thatPathmark parent company, Great Atlantic & Pacific Tea Co. (A&P), is seeking to sell the company after emerging from bankruptcy in 2012.
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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.
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Today, the company has about 320 stores under various names including Pathmark, Food Emporium, Super Fresh and A&P.
There are some Pathmark stores locally:
- 130 Midland Ave., Port Chester
- 2540 Central Park Ave., south of Ardsley Road
- 1757 Central Park Ave., north of Tuckahoe Road
There are local A&Ps as well:
- 12-14 Cedar St., Bronxville
- 668 Central Ave., Scarsdale
- 777 White Plains Road, Scarsdale
- 87 Main Street, Hastings-on-Hudson
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