ALBANY, Calif. — Andronico's here said it will close one of its eight Northern California stores by the end of the month while it works toward a recapitalization with a new equity partner.
Diane Krebs, the company's operations administrator, declined to name the potential equity partner, saying Andronico's is still working to finalize its agreement. The store that's closing is located in Palo Alto.
The company operates four other stores in Berkeley and one each in San Francisco, San Anselmo and Los Altos. Krebs said there are no plans to close any additional units.
She said the recapitalization is an effort "to stabilize and strengthen the company long term."