Part of company’s turnaround strategy
Posted November 10, 2010
Great Atlantic & Pacific Tea Co. (Montvale, N.J.), the owner of the A&P supermarket chain and other grocery stores, has entered into an agreement with Winstanley Enterprises LLC to sell six Pathmark stores for $89.8 million.
Winstanley will buy all of the company's interest in the stores located in New York, New Jersey, Pennsylvania and Delaware.