A&P Announces Sale of New England Stores.Business Editors MONTVALE, N.J.--(BUSINESS WIRE)--March 14, 2003 The Great Atlantic & Pacific Tea Company (A&P)(NYSE NYSE See: New York Stock Exchange :GAP) today announced an agreement to sell eight stores in northern New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. to GU Family Markets. Completion of the transaction is subject to customary conditions and reviews. The Company said that when completed, the transaction will conclude A&P's previously announced divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of operations in northern New England. Founded in 1859, A&P was one of the nation's first supermarket chains, and is today one of North America's largest. The Company currently operates approximately 690 stores in 15 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Ontario, Canada under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl's, Sav-A-Center, Dominion, The Barn Markets, Food Basics
Food Basics is a no-frills Canadian supermarket chain created by A&P Canada to compete with the successful No Frills warehouse style supermarket operated by Loblaw. and Ultra Food & Drug. The Company also manufactures and distributes the Eight O'Clock line of whole bean coffees. |
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