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A&P to Sell Food Emporium to Key Food

A&P to Sell Food Emporium to Key Food


MONTVALE, NJ
Tuesday, December 8th, 2015

A&P has received bankruptcy court approval to sell its Food Emporium brand and related intellectual property to Key Food Stores Co-Operative Inc.

A report from the Wall Street Journal on Tuesday stated that Judge Robert D. Drain of the U.S. Bankruptcy Court in White Plains, NY, gave the green light to the $1.75 million sale, according to court documents. The deal includes the assumption of certain liabilities, Food Emporium trademarks, domain names, e-commerce business, and a mobile app, the Wall Street Journal reports.

Food Emporium (Source: Bloomberg, Kenneth Hughes)

Key Food was the only bidder for the property.

Founded in Brooklyn, NY in 1937, Key Food is a cooperative of independently owned supermarkets located across Connecticut, New Jersey, New York, and Pennsylvania. The company acquired 23 former A&P locations at an auction held last October.

In October, it was also revealed that advisory firm Hilco Streambank began seeking interested buyers for a number of A&P’s brands and intellectual properties.

A&P declared bankruptcy for the second time this past July with approximately $2.3 billion in debts and $1.6 billion in assets.

As of October 2015, Great Atlantic & Pacific Tea Co. operated 297 supermarkets and other stores under several brands, including A&P, Waldbaum’s, SuperFresh, Pathmark, Food Basics, Food Emporium, Best Cellars, and A&P Liquor.

More than 100 of the company’s stores have been sold. The rest, however, remain closed.

A&P


Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperatureBelGioioso - Burrata & Stracciatella

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The Great Atlantic & Pacific Tea Company, better known as A&P, is a supermarket and liquor store chain in the United States.

Celebrating over 75 years! We’re proud to be part of the community and offer high-quality, low-cost products from more than 215 stores. The Difference is Key.

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