A&P store sell-off begins

Quincy, Mass. – The sell-off of stores from the newly bankrupt Great Atlantic and Pacific Tea Co. (A&P) has begun. The Stop & Shop Supermarket Co. LLC has entered into an agreement with A&P to acquire 25 A&P stores in greater New York for $146 million.



Upon completion of the transaction, Stop & Shop plans to convert these Waldbaum's, Pathmark and A&P stores into Stop & Shop stores. Additional details regarding the conversions will be announced at a later date. The sale is currently expected to close within the second half of 2015.



"Stop & Shop is always looking for convenient locations to better serve our customers," said Don Sussman, Stop & Shop's New York Metro Division president. "We are very happy to have the opportunity to expand our presence in greater New York and serve new customers.”



The deal is subject to further terms and conditions, court approval in A&P's bankruptcy case, and regulatory requirements.