GRAND UNION EXITS CHAPTER 11; CEO SEES 'A BRIGHT FUTURE'

WAYNE, N.J. -- Grand Union Co. here is "a new company with a bright future and a clear strategic vision," J. Wayne Harris, chairman and chief executive officer, declared last week as the company completed its capital restructuring program and emerged from Chapter 11 bankruptcy protection."The company is financially stronger than at any time in the past 10 years," Harris said, "and with the reorganization

WAYNE, N.J. -- Grand Union Co. here is "a new company with a bright future and a clear strategic vision," J. Wayne Harris, chairman and chief executive officer, declared last week as the company completed its capital restructuring program and emerged from Chapter 11 bankruptcy protection.

"The company is financially stronger than at any time in the past 10 years," Harris said, "and with the reorganization behind us, we can focus 100% of our energies on new initiatives."

Those

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