Report: A&P considering sale of Food Emporium
New York City The Great Atlantic & Pacific Tea Co. is mulling the sale of its Food Emporium stores to boost liquidity, the Wall Street Journal reported.
The report came as the supermarket company struggles to turn around its business. Investment bank Peter J. Solomon has made an effort in recent weeks to gauge potential buyer interest in the Food Emporium chain for A&P, according to the Journal.