You are hereCourt approves sales of some Superfresh stores, delays on others
Court approves sales of some Superfresh stores, delays on others
The owner of the Superfresh grocery chain, which is selling the stores to raise money to pay off debt, said earlier this month that it had found buyers for 12 of 25 stores it was trying to unload. The Great Atlantic & Pacific Tea Co. Inc., based in Montvale, N.J., plans to 13 close stores that have no interested buyers next month.
A court on Tuesday approved the sale of the Ellicott City store to SuperValu, which will turn the store into a Shoppers Food & Pharmacy. Sale of the Westminster store to the current landlord, Englar Center Limited Partnership, was also approved. Financial details of the transactions were not released.
A&P has said it could generate $40 million from selling stores.
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