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Bankrupt A&P receives financing, bids; will close 25 stores
Montvale, N.J. – So far, chapter 11 bankruptcy appears to be going as planned for The Great Atlantic & Pacific Tea Company (A&P). A&P has received approval for financing from the U.S. Bankruptcy Court of the Southern District of New York, bids for some stores, and will close 25 stores in the near term due to “lack of interest” and ongoing losses.
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Albertsons taps industry vet Mark Panzer as senior VP of pharmacy, health and wellness
Boise, Idaho -- The parent company of Albertson's, New Albertson's and Safeway (collectively Albertsons), AB Acquisition LLC, has appointed industry veteran Mark Panzer as senior VP of pharmacy, health and wellness, overseeing the company's 1,760 pharmacies in 34 states across the country. Panzer succeeds Darren Singer, who has left the company to pursue other opportunities.