July 27, 2017 4:00 AM ET

Food and Staples Retailing

Company Overview of Pathmark Stores, Inc.

Company Overview

Pathmark Stores, Inc. owns and operates grocery stores in the United States. Pathmark Stores, Inc. was formerly known as Supermarkets General Corporation and changed its name to Pathmark Stores, Inc. in October 1993. The company was founded in 1966 and is based in Montvale, New Jersey. As of December 3, 2007, Pathmark Stores, Inc. operates as a subsidiary of The Great Atlantic & Pacific Tea Company, Inc. On July 19, 2015, Pathmark Stores, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. It is in joint administration with The Great Atlantic & Pacific Tea Company, Inc.

2 Paragon Drive

Montvale, NJ 07645

United States

Founded in 1966

7,400 Employees

Phone:

201-573-9700

Fax:

201-505-3054

Key Executives for Pathmark Stores, Inc.

Executive Vice President of Store Operations
Age: 67
Senior Vice President of Non-Perishable Merchandising
Vice President of Non-Foods Merchandising
Age: 49
Compensation as of Fiscal Year 2017.

Pathmark Stores, Inc. Key Developments

Motion for Asset Sale Approved for The Great Atlantic & Pacific Tea Company, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of The Great Atlantic & Pacific Tea Company, Inc. on June 27, 2017. The debtor has been authorized to sell its certain de minimis assets to Woodward Detroit CVS, L.L.C., for a purchase price of $0.40 million, pursuant to the membership interests sale agreement dated June 13, 2017. The debtor’s assets include 100% of Borman’s, Inc.’s membership interests in BLS Properties, L.L.C. The transaction would further entail the release of the buyer and certain other parties from the Caremark claims. As per the terms of the membership interests sale agreement, the buyer has made a deposit of $0.04 million. The buyer is represented by Saul Ewing LLP.

Notice of Intent of Asset Sale Filed by The Great Atlantic & Pacific Tea Company, Inc.

The Great Atlantic & Pacific Tea Company, Inc. filed a notice of intent of asset sale in the US Bankruptcy Court on June 14, 2017. As per the notice, the debtor intends to sell its certain de minimis assets to Woodward Detroit CVS, L.L.C., for a purchase price of $0.40 million, pursuant to the membership interests sale agreement dated June 13, 2017. The debtor’s assets include 100% of Borman’s, Inc.’s membership interests in BLS Properties, L.L.C. The transaction would further entail the release of the buyer and certain other parties from the Caremark claims. As per the terms of the membership interests sale agreement, the buyer shall make a deposit of $0.04 million. The buyer is represented by Saul Ewing LLP.

Motion for Asset Sale Approved for The Great Atlantic & Pacific Tea Company, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of The Great Atlantic & Pacific Tea Company, Inc. on January 20, 2017. The debtor has been authorized to sell its certain assets to RAJ Wine LLC, for a purchase price of $0.30 million in cash, pursuant to the asset purchase agreement dated December 6, 2016. The consideration additionally includes the inventory purchase price, the prepaid expenses, and the seller proration amount, less, the buyer proration amount. As per the terms of the agreement, the buyer shall make a deposit of $0.06 million. The debtor’s assets include the liquor store 019-1243, located at 282 Elm Street, New Canaan, Connecticut under the name A&P Liquors, together with furnishings, fixtures and equipment, inventory, Connecticut Package Store Liquor Permit # LIP.0012789.

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