WAYNE, N.J. -- Grand Union Co. here said last week it expects to complete its financial restructuring and emerge from Chapter 11 bankruptcy next week. That announcement came after the chain received confirmation last Wednesday of its voluntary, prepackaged plan of reorganization from the U.S. Bankruptcy Court in Newark, N.J. J. Wayne Harris, chairman and chief executive officer, said, "As a result of the restructuring, we will now have an appropriate capital structure and the necessary ...
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.