HAUB SEEKS TO CREATE A 'NEW A&P'

MONTVALE, N.J. -- If successful, the divestitures planned by A&P here would create what Christian Haub, chairman and chief executive officer, called a "new A&P," with significantly reduced debt, plus the cash to accelerate store renovations into fresh market or discount concepts the company believes drive higher sales.A&P will retain 28 Sav-A-Center stores in New Orleans, which Haub said have a solid

MONTVALE, N.J. -- If successful, the divestitures planned by A&P here would create what Christian Haub, chairman and chief executive officer, called a "new A&P," with significantly reduced debt, plus the cash to accelerate store renovations into fresh market or discount concepts the company believes drive higher sales.

A&P will retain 28 Sav-A-Center stores in New Orleans, which Haub said have a solid No. 2 market position there. A&P's strategy resembles a combination

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