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Tuesday, May 24, 2011

Superfresh Gets Bids On One Dozen Stores Slated To Close

Buyers have stepped forward to snap up a dozen Superfresh grocery stores slated to be shut down in July as its bankrupt parent works to pay off billions of dollars in liabilities.Superfresh owner A&P said last month it was trying to sell 25 Superfresh stores, mostly in the Baltimore area.

The Montvale, N.J., company said 1,500 workers would lose their jobs unless new owners decide to keep the current employees.Any sale would require the approval of a bankruptcy judge.

A hearing is expected June 14. ...

Read the full story at Baltimore Sun

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