Headlines

A&P Deal Approved

Acme, Stop & Shop buying 95 stores for $370 million

Published

9 years ago

September 22, 2015

The deal to sell 95 A&P (Montvale, N.J.) stores to Acme (Malvern, Penn.) and Stop & Shop (Quincy, Mass.) for $370 million was approved this week. The stores are expected to be converted to Acme and Stop & Shop stores later next month.

Part of the deal with Acme and Stop & Shop is that along with the sale of the company, the retailers would preserve the jobs of current union workers. Currently, there are 10,750 A&P union employees, and Acme and Stop & Shop are in negotiations with the workers’ unions.

There are 176 more stores that A&P owns that it is seeking to sell, and the fate of those jobs are uncertain. The company filed for bankruptcy July 19 and plans to either sell or close all its stores, reports The Record.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design