A&P has asked the judge in its bankruptcy case to approve the sale of six additional stores to Best Yet Market.
Best Yet, based in Bethpage, N.Y., will pay a total of $4.725 million for Waldbaums locations in Selden and Great Neck, N.Y.; Pathmark stores in Islip, N.Y., West Babylon, N.Y., and Shirley, N.Y.; and the Food Emporium location on Greenwich Street in New York’s Tribeca neighborhood.
As part of the agreement, Best Yet has agreed to use “reasonable, good faith, best efforts” to make offers of employment to a number of any former collective bargaining unit employees of A&P equivalent to at least 25% of the new store workforce who are qualified for such positions, provided that such offers of employment are not required in the same store location at which former employees worked.
The sales are in addition to Best Yet’s previously approved acquisitions of stores in the Long Island towns of Merrick, Westhampton, Commack and East Rockaway, N.Y.
Not including the recent acquisitions, family-owned Best Yet Market operates 20 stores under the Best Market banner on Long Island, N.Y.
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