April 28, 2017 12:39 AM ET

Food and Staples Retailing

Company Overview of The Great Atlantic & Pacific Tea Company, Inc.

Company Overview

The Great Atlantic & Pacific Tea Company, Inc. operates conventional supermarkets, combination food and drug stores, and limited assortment food stores in the United States. The company’s stores offer grocery products, including grocery, frozen foods, dairy, general merchandise/health and beauty aids, wine, beer, spirits, and pharmacy; meat products, such as meat, deli, bakery, and seafood; and produce comprising produce and floral products, as well as provides on-site banking services. Its stores also sell private label products under the brand names of America’s Choice, America’s Choice Gold, America’s Choice Healthy Kids, Hartford Reserve, Smart Price, Green Way, Via Roma, and Live Better...

2 Paragon Drive

Montvale, NJ 07645

United States

Founded in 1859

11,005 Employees

Phone:

201-573-9700

Fax:

201-930-4079

Key Executives for The Great Atlantic & Pacific Tea Company, Inc.

Chief Executive and President
Age: 46
Chief Accounting Officer, Vice President and Corporate Controller
Age: 50
Chief Administrative Officer and Chief Restructuring Officer
Age: 49
Senior Vice President and General Manager of The Food Emporium
Chief Strategy Officer
Compensation as of Fiscal Year 2016.

The Great Atlantic & Pacific Tea Company, 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 January 5, 2017. The debtor has been authorized to sell its certain assets to Chase Spirits Westwood LLC, the successful bidders, for a purchase price of $0.85 million in cash pursuant to an asset purchase agreement dated September 16, 2016. Under the terms of the agreement, the buyer shall make a deposit of $0.09 million immediately. Ray C. Schrock, P.C. and Samuel Zylberberg of Weil, Gotshal & Manges LLP represented the debtor as legal advisors and Rishi K. Desai of Pasricha & Patel LLC represented the buyers as legal advisor.

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 November 22, 2016. The debtor has been authorized to sell its certain assets to Ami A. Patel, Mudit Maheshwari and Amita Sheth, the successful bidders, for a purchase price of $1.50 million in cash pursuant to an asset purchase agreement dated September 16, 2016.

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 November 16, 2016. The debtor has been authorized to sell its certain assets to Chestnut Management & Service Company, LLC, the successful bidders, for a purchase price of $1.50 million in cash pursuant to an asset purchase agreement dated October 24, 2016. Under the terms of the agreement, the buyer shall make a deposit of $0.20 million immediately. Ray C. Schrock, P.C. and Samuel Zylberberg of Weil, Gotshal & Manges LLP represented the debtor as legal advisors and Elizabeth J. Austin and Irve J. Goldman of Pullman & Comley, LLC represented the buyers as legal advisors.

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3548 Meat Corp. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 5, 2016
The Great Atlantic & Pacific Tea Company, Inc., Three Liquor Stores
 

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