A&P TO DIVEST CANADA, MIDWEST IN RESTRUCTURE

MONTVALE, N.J. -- A&P here said last week that it would seek to sell its lucrative Canadian division, as well as its Farmer Jack units in the Midwest, in an attempt to retire debt and focus its efforts almost exclusively in the Northeast and Mid-Atlantic divisions.The moves, which were the subject of industry speculation for months, amount to what one analyst called "doubling down" on A&P's fresh

MONTVALE, N.J. -- A&P here said last week that it would seek to sell its lucrative Canadian division, as well as its Farmer Jack units in the Midwest, in an attempt to retire debt and focus its efforts almost exclusively in the Northeast and Mid-Atlantic divisions.

The moves, which were the subject of industry speculation for months, amount to what one analyst called "doubling down" on A&P's fresh merchandising strategy under way in the Northeast and will transform the company

Register to view the full article

Already a member? .