The Great Atlantic & Pacific Tea Co. reportedly will retain its lone Food Emporium market in Connecticut, while selling off other Food Emporium stores in the wake of its emergence from bankruptcy protection.
A&P”™s Food Emporium in New Canaan will not be part of any sale, the Montville, N.J.-based company was quoted saying by Crain”™s New York. A&P has retained Duff & Phelps to help it scout buyers.
Crain”™s cited Fairway Market as one potential suitor for some of the Food Emporium footprint. Fairway is controlled by Westport-based Sterling Investment Partners L.P.
