WAYNE, N.J. -- Grand Union here said last week it plans to go to U.S. Bankruptcy Court today to seek approval to conduct an auction on Nov. 16 to sell its 197 stores. The company filed a petition for Chapter 11 protection earlier this month. According to Jeffrey P. Freimark, chief financial and administrative officer, Grand Union has already filed a sales plan with the court, including the auction, and any objections to that plan can be raised at today's hearing. If there are no ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.