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A&P in Talks to Sell Farmer Jack

MONTVALE, N.J. — Confirming long-held suspicions, A&P here on Tuesday acknowledged it was in talks to sell its struggling Farmer Jack chain in Michigan. The retailer in a statement said it has informed its employees in the Midwest and their union representatives that it anticipates the sale of groups of stores to selected bidders. A&P said it would not release additional details “until definitive acquisition agreements are reached over the next few months.” Farmer Jack currently operates 66 stores. A&P nearly shut down the chain in 2005 before its workers accepted pay cuts that A&P said helped stem losses at the chain.
— Jon Springer