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MONTVALE, N.J. — A&P could be on the verge of filing for bankruptcy protection, possibly as early as this week, according to published reports.
A&P could be on the verge of filing for bankruptcy protection, possibly as early as this week, according to published reports.
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The grocer’s filing is expected to come in the form of a "prepackaged" bankruptcy, which could divvy up the company’s best locations, the New York Post reported on Wednesday.
A&P, which is based here, did not confirm the Post’s report. Other media outlets have been reporting in recent days that A&P was looking to find a buyer or an option that would prevent a bankruptcy.
"No decision has been made regarding a particular outcome, and it would be inaccurate and irresponsible to suggest otherwise," a company spokesman told the Post. "The company is committed to continuing to serve its customers and communities as it always has and intends to keep its stores fully staffed."
A&P was once one of the biggest supermarket operators in the United States but by last year its empire had dwindled to about 300 supermarkets, mostly in New York and New Jersey. Stores are operated under the A&P, Pathmark, Waldbaum’s, Superfresh, Food Emporium and Food Basics banners.
