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Report: Pathmark For Sale

Grocery chain operates several stores along the south shore.

Credit: File Photo
Credit: File Photo
Story by Greg Sleter

Attention Pathmark shoppers: your local supermarket may soon be sold.

On Thursday, The Wall Street Journal (subscription required) reported that Pathmark parent company, Great Atlantic & Pacific Tea Co. (A&P), is seeking to sell the company after emerging from bankruptcy in 2012.

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.

Today, the company has about 320 stores under various names including Pathmark, Food Emporium, Super Fresh and A&P.

There are a handful of Pathmark stores locally, including one at 492 Atlantic Ave. in East Rockaway.
Jason July 26, 2013 at 07:45 PM
As usual were left in the dark with this incomplete journalism. Which Pathmark and when?
Jaime Sumersille July 27, 2013 at 07:18 AM
Jason, as per the story, individual stores are not mentioned by the company. Pathmark's parent company...is seeking to sell the company..." Jaime Sumersille Regional Editor, Nassau County
Melissa Pinto July 27, 2013 at 11:41 PM
Not any specific store.The whole chain as in all of them
Jason August 08, 2013 at 09:46 AM
They've been selectively closing over the past ten years. Same as A&P who owns them.

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