Written by Greg Sleter
Attention Pathmark shoppers: your local supermarket may soon be sold.
The Wall Street Journal (subscription required) reported thatPathmark parent company, Great Atlantic & Pacific Tea Co. (A&P), is seeking to sell the company after emerging from bankruptcy in 2012.
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The Journal, citing an internal company memo sent to store managers by Great Atlantic Chairman Gregory Mays, said a number of options to fund growth are being explored. Among those options are raising capital and a refinancing. The memo also indicated sale of the company is possible.
The New Jersey-based A&P operated about 400 supermarkets before filing for bankruptcy in December 2010. Sales were $8.8 billion at that time.
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Today, the company has about 320 stores under various names including Pathmark, Food Emporium, Super Fresh and A&P. There are Pathmark stores in southern Westchester and the Bronx.
There are several A&P stores locally:
- 1886 Pleasantville Road, Briarcliff
- 1511 Route 22 Brewster
- 230 Saw Mill Road, Millwood
- 2005 Albany Post Road, Croton on Hudson
- 195 N. Bedford Road, Mount Kisco
- 20 Welcher Ave., Peekskill
- 100 Triangle Center, Yorktown Heights
- 3105 East Main St., Mohegan Lake
- 132 Bedford Road, Katonah
- 1366 E. Main St., Shrub Oak
- 422 Old Post Rd. Bedford
- 610 Columbus Ave., Thornwood
- RT 22 & RT 138, Goldens Bridge
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