bankruptcy
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The fall of A&P, from 15,357 Stores to bankruptcy protection
Great Atlantic & Pacific Tea Co., which operates about 400 supermarkets under the Waldbaum’s, The Food Emporium and Pathmark labels, filed for bankruptcy protection in U.S. Bankruptcy Court in White Plains, New York. A&P listed assets of $2.5 billion and debt of $3.2 billion in it’s Chapter 11 filing. Chief Executive Officer Sam Martin of…
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A&P Through Time
The Great Atlantic and Pacific tea company better known as A&P has been around for more than century and a half: one hundred and fifty three years to be precise. This grocery and liquor store based in the U.S. has risen and fallen many times over its lifespan. The ‘A&P’ of course is for the…
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Who Killed Twinkie?
Thanksgiving this year will be celebrated by most people from a relatively different angle. Although there will still be turkey, many people will celebrate the day with a heavy heart. This is because the tradition of nipping into the pantry will have to be overlooked. For those who missed the how-could-you-possibly-be-hungry snack, then you must…
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Hostess and Walmart’s Labor Disputes
Walmart has seen dozens of its stores experiencing protests in the wake of union action. The retail giant has to battle with this commotion even as Hostess Brands, manufacturer of various baked goods including Ding Dongs and Twinkies, is undergoing bankruptcy liquidation. There were planned actions scheduled for Black Friday, but they were mostly non-events…
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Jewel-Osco to Receive Last Twinkies Shipment
Jewel-Osco announced that it would be receiving what could well be the last Twinkies shipment to its stores located in the Chicagoland area yesterday. The snacks are a brand of Hostess, which is ceasing operations after long battles with unions. Twinkies is one of the popular snacks that Hostess makes, which also include Orange Cup…
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Kwik Save
Kwik Save was originally a Welsh company and is a supermarket chain that has stores across the U.K. In the early 2000s, the company struggled to increase its profit margin considering the fact that its competitors such as Sainsbury’s and Tesco developed budget brands of their own. On July 6, 2007, it went into bankruptcy…