A&P looks to shed The Food Emporium business
MONTVALE, N.J. — Grocery A&P — which operates 320 stores, including The Food Emporium brand — has confirmed that it is looking to sell The Food Emporium business.
"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,” the company said in a statement sent to Drug Store News.
The troubled retailer emerged from bankruptcy in March as a privately held company.
The company also operates stores under the A&P, Best Cellars, Food Basics, Pathmark, Superfresh and Waldbaum's banners