Food and Staples Retailing
Company Overview of The Great Atlantic & Pacific Tea Company, Inc.
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
Founded in 1859
Key Executives for The Great Atlantic & Pacific Tea Company, Inc.
Chief Executive and President
Chief Accounting Officer, Vice President and Corporate Controller
Chief Administrative Officer and Chief Restructuring Officer
Senior Vice President and General Manager of The Food Emporium
Senior Vice President of Supply & Logistics
Compensation as of Fiscal Year 2015.
The Great Atlantic & Pacific Tea Company, Inc. Key Developments
Update On A&P's Sale Of Stores
Oct 4 15
The Great Atlantic & Pacific Tea Company, Inc. (A&P) may sell some assets. The company is looking to sell off many of its stores, including those marketed under the Pathmark brand, for the highest and best offers. The first series of store auctions, which were open to bidders and A&P and union representatives but closed to reporters and the general public, began on October 1, 2015 and ended October 2, 2015 with 128 A&P supermarkets, including 13 in the Lower Hudson Valley, offered up for sale. Some stores received bids that A&P ultimately rejected because they were below the minimum price the company was willing to accept, union officials said.
Great Atlantic & Pacific Tea Plans To Auction 128 Stores
Sep 30 15
The Great Atlantic & Pacific Tea Company, Inc. now plans to auction 128 stores starting October 1, 2015, an increase of 24 from its prior plans. The stores to be auctioned include 30 Waldbaum's and Pathmark locations on Long Island. On October 1, 2015, A&P, which is operating under Chapter 11 bankruptcy protection from creditors, will auction stores in Mount Kisco, New York City, Westchester County and northern New Jersey. On October 2, 2015, it will conduct auctions for Long Island, Philadelphia, South Jersey and New Jersey shore stores, modified court records filed late Monday show. The stores added to the auction list include the Waldbaum's in Albertson, Glen Head, Great Neck and Rocky Point, as well as the Pathmark in West Babylon.
A&P Seeks Court Approval to Reject Union Contracts
Sep 10 15
A&P has asked U.S. Bankruptcy Court for permission to reject union contracts and implement what it called its final labor proposal, saying the provisions of existing collective bargaining agreements 'unreasonably impair' its ability to sell its stores and go out of business. The company is also seeking to terminate its obligation to pay benefits for 1,600 union and 500 non-union retired employees. A&P recognized a net liability of $16.6 million for those obligations in 2014. A&P, which is pursuing a sale of all of its stores, said prospective buyers' offers are contingent upon being free of labor obligations, and that a failure to execute those sales would trigger a liquidation sale greatly reducing the value of the estate. The retailer said it has been unable to come to an agreement with unions despite lengthy negotiations. A&P's final proposal, submitted to unions earlier, would reject CBAs for stores to be sold at the time of the completion of the sale; and reject the CBAs of stores that are not sold upon the time they close, unless the company and labor have worked out an alternative agreement.
Similar Private Companies By Industry
Recent Private Companies Transactions