GRAND UNION HOLDINGS HAS LOSS, LOWER SALES

WAYNE, N.J. -- Grand Union Holdings Corp. here reported lower sales and a net loss for the year ended April 2.The loss totaled $118 million. It included cash interest expense of $143.6 million, about $34 million of which was paid in the fourth quarter. Sales totaled $2.5 billion.GUHC is the indirect parent of Grand Union, which operates 254 stores in the Northeast.After adjusting for the extra week

WAYNE, N.J. -- Grand Union Holdings Corp. here reported lower sales and a net loss for the year ended April 2.

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