Tops Completes Decoupling

Tops Friendly Markets said it has completed its 16-month transition to local control. The chain, which was purchased by Morgan Stanley Private Equity from Ahold in December 2007, had been managing marketing, merchandising and information technology through a shared-services arrangement with Ahold since the sale.

WILLIAMSVILLE, N.Y. — Tops Friendly Markets here said it has completed its 16-month transition to local control.

The chain, which was purchased by Morgan Stanley Private Equity from Ahold in December 2007, had been managing marketing, merchandising and information technology through a shared-services arrangement with Ahold since the sale.

"We cannot stress enough the importance of being locally operated,” Frank Curci, chief executive officer of Tops, said in a statement

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