Court Approves A&P Plan; Martin Remains CEO

WHITE PLAINS, N.Y. — The U.S. Bankruptcy Court here last week approved A&P's Chapter 11 exit plan after the company — one of the nation’s oldest retailers — spent 14 months in bankruptcy shedding unprofitable stores and renegotiating labor contracts.

The reorganization plan includes $490 million in debt and equity financing from Yucaipa Cos., the Ron Burkle-led investment group that has a long history of inv