WAYNE, N.J. -- Grand Union Holdings Corp. here reported lower sales and a net loss for the year ended April 2. The loss totaled $118 million. It included cash interest expense of $143.6 million, about $34 million of which was paid in the fourth quarter. Sales totaled $2.5 billion. GUHC is the indirect parent of Grand Union, which operates 254 stores in the Northeast. After adjusting for the extra week in 1993 and excluding the results of the Southern division, which was sold late in ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.