Analysis: A&P bankruptcy sets showdown with labor

Analysis: A&P bankruptcy sets showdown with labor

“The last three years have demonstrated ... that the sale strategy is the only viable path forward.” —CHRISTOPHER McGARRY,    A&P chief restructuring officer

A&P’s second bankruptcy in five years — one that looks likely to spell a final end to the 156-year-old supermarket icon one way or another — was precipitated by what it called “unsustainable” labor costs, and a failed attempt to turn around sales despite $500 million in new investment from private owners and an assist from union givebacks when it emerged from bankruptcy protection in 2012.

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