Food Retailing / Supermarkets

Food Emporium Goes Up for Sale

Parent company A&P will sell grocery chain's Manhattan locations

Published

12 years ago

September 13, 2012

VMSD Staff

The Great Atlantic & Pacific Tea Co. (A&P, Montvale, N.J.) announced plans to sell its troubled Food Emporium brand, Crain’s New York reports.

In a statement, the company said, “We commenced a marketing process of The Food Emporium in early September. The Food Emporium represents a unique urban footprint that requires a specific go-to-market strategy. Therefore, we've made the decision to market these 16 Manhattan stores to a variety of prospective buyers. The sale will enable parent company A&P to support the company's long-term strategic vision to be the No. 1 food and drug store in every neighborhood it serves.”

Earlier this year, A&P emerged from bankruptcy with 75 fewer stores. The Food Emporium chain comprises 16 locations in New York and one in New Canaan, Conn. The Connecticut store is not part of the sale, according to Crain’s.

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