Headlines

Pathmark Gets Bankruptcy Court Approval

Reorganization plan will eliminate nearly $1 billion in debt

Published

24 years ago

September 20, 2000

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Pathmark Stores (Carteret, N.J.) has emerged from bankruptcy court protection, two months after filing for Chapter 11, with a judge's approval of the reorganization plan that will eliminate about $1 billion of the retailer's debt. Pathmark executives said they had secured $600 million in financing from a group of lenders led by Chase Manhattan Bank. The operator of 137 supermarkets in the Northeast has been laboring under crippling debt ever since a leveraged buyout of the company in 1987, by a group led by Merrill Lynch & Co. The filing, in July, came after the company missed a $33.3 million interest payment to bondholders.

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