Newswatch

TOPS TRANSITIONS TO LOCAL CONTROL WILLIAMSVILLE, N.Y. Tops Friendly Markets here said last week that 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 functions including marketing, merchandising and information technology through a shared-services arrangement with Ahold since the

TOPS TRANSITIONS TO LOCAL CONTROL

WILLIAMSVILLE, N.Y. — Tops Friendly Markets here said last week that 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 functions including 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

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