GRAND UNION'S BANKRUPTCY PUTS ITS FUTURE IN QUESTION

WAYNE, N.J. -- Grand Union here filed for Chapter 11 protection again last week -- its third bankruptcy since 1995 and the one that could potentially lead to the demise of the 127-year-old banner.The company said it filed a voluntary petition for Chapter 11 protection in U.S. Bankruptcy Court in Newark, N.J., "to facilitate the planned sale of the company and provide for additional funding during

WAYNE, N.J. -- Grand Union here filed for Chapter 11 protection again last week -- its third bankruptcy since 1995 and the one that could potentially lead to the demise of the 127-year-old banner.

The company said it filed a voluntary petition for Chapter 11 protection in U.S. Bankruptcy Court in Newark, N.J., "to facilitate the planned sale of the company and provide for additional funding during the sale process."

Grand Union said the filing will enable it to continue to con

Register to view the full article

test - Advanced Registered User

Already a member? .