A&P Bankruptcy May Be An Opportunity for Rivals

Posted on December 13, 2010 at 9:09pm by

PORTLAND, Ore. The fall into bankruptcy court by the Great Atlantic & Pacific Tea Co. is the culmination of years of decline but creates an opportunity for its competitors and could mean further consolidation in the supermarket industry.

The nation’s oldest grocer filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt, falling sales and rising competition from low-priced peers. [Continued]



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