Content about Sam Martin

March 21, 2014

Grocer A&P has named company COO Paul Hertz as president and CEO, effective immediately.

MONTVALE, N.J. — Grocer A&P has named company COO Paul Hertz as president and CEO, effective immediately.

Hertz succeeds Sam Martin. In January, A&P confirmed Martin’s departure. Martin, a former OfficeMax executive joined A&P as CEO in July 2010, succeeding Ron Marshall, who left the company after serving less than six months at the helm.

January 13, 2014

Supermarket chain A&P, which emerged from bankruptcy in March 2012, has confirmed the departure of president and CEO Sam Martin.

MONTVALE, N.J. — Supermarket chain A&P, which emerged from bankruptcy in March 2012, has confirmed the departure of president and CEO Sam Martin.

“We all thank Sam for his time at A&P and wish him well in his future endeavors. The company has made tremendous headway since Greg Mays was installed as executive chairman over 14 months ago, and Mr. Mays will continue to serve as executive chairman,” the company said in a statement sent to Drug Store News.

March 13, 2013

Grocer A&P, which emerged from bankruptcy in March 2012, announced on Tuesday that it is under contract for the sale of its real estate interests in a few non-core store locations.

MONTVALE, NJ – Grocer A&P, which emerged from bankruptcy in March 2012, announced on Tuesday that it is under contract for the sale of its real estate interests in a few non-core store locations. 

The pending deals are a combination of leasehold sales and sale-leaseback transactions that are expected to generate proceeds for the company in excess of $130 million, the retailer stated.

June 19, 2012

Grocer A&P has inked an exclusive partnership with BrightFarms, becoming the only retailer of BrightFarms’ Brooklyn-grown produce from the world’s largest rooftop farm.

NEW YORK and MONTVALE, N.J. — Grocer A&P has inked an exclusive partnership with BrightFarms, becoming the only retailer of BrightFarms’ Brooklyn-grown produce from the world’s largest rooftop farm.

May 9, 2012

Grocer A&P has announced the launch of an integrated marketing campaign that features president and CEO Sam Martin as its primary spokesman.

MONTVALE, N.J. — Grocer A&P has announced the launch of an integrated marketing campaign that features president and CEO Sam Martin as its primary spokesman. The campaign, according to the company, highlights an enhanced customer shopping experience marked by cleaner stores, friendlier associates and better products.

March 14, 2012

Grocer A&P has emerged from bankruptcy as a privately held company.

MONTVALE, N.J. — Grocer A&P has emerged from bankruptcy as a privately held company.

As previously announced, Mount Kellett Capital Management, The Yucaipa Cos. and investment funds managed by Goldman Sachs Asset Management, have provided $490 million in debt and equity financing to sponsor A&P’s reorganization plan and complete its balance sheet restructuring. In addition, JP Morgan and Credit Suisse arranged a $645 million exit financing facility.

March 14, 2012

Grocer A&P has promoted Raymond Silcock to CFO.

MONTVALE, N.J. — Grocer A&P has promoted Raymond Silcock to CFO. He succeeds Frederic (“Jake”) Brace, who is resigning from his roles as chief restructuring, financial and administrative officer in conjunction with A&P’s emergence from Chapter 11. Brace will continue to serve the company in an advisory capacity.

December 5, 2011

Bankrupt grocer A&P has announced that the Locals of the United Food and Commercial Workers International Union have ratified modifications to the collective bargaining agreements with the company — a key step toward completing the company’s financial restructuring.

MONTVALE, N.J. — Bankrupt grocer A&P has announced that the Locals of the United Food and Commercial Workers International Union have ratified modifications to the collective bargaining agreements with the company — a key step toward completing the company’s financial restructuring.

February 15, 2011

Bankrupt grocer A&P has filed a motion seeking court approval to close 32 stores in six states as the company continues to implement its financial and operational restructuring. The store closures are expected to be completed in the company's fiscal first quarter, subject to court approval.

MONTVALE, N.J. — Bankrupt grocer A&P has filed a motion seeking court approval to close 32 stores in six states as the company continues to implement its financial and operational restructuring. The store closures are expected to be completed in the company's fiscal first quarter, subject to court approval.

December 13, 2010

Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.

MONTVALE, N.J. — Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.

October 21, 2010

With its new management team in place, grocer A&P is moving ahead with its turnaround...

September 7, 2010

Grocer A&P has announced an agreement with Big Y Foods to sell seven stores in...

August 26, 2010

The restructuring of A&P's new management team under newly appointed president and CEO Sam Martin...

August 22, 2010

Grocer A&P has appointed Frederic Brace to the new position of chief administrative officer, effective...

August 17, 2010

Grocer A&P has appointed former OfficeMax executive Paul Hertz as EVP operations, succeeding Mark Kramer,...

August 12, 2010

A&P, which operates 429 stores and roughly 250 retail pharmacies, is shuttering 25 stores in...

July 22, 2010

Supermarket chain A&P has appointed former OfficeMax executive Sam Martin as its new CEO, succeeding...