Pathmark, the chain of 143 stores in the New York-New Jersey metro region, has had a tough row to hoe for quite a while now. The company was freighted for many years by a huge debtload engendered by a 1987 leveraged buyout. Debt finally was jettisoned the hard way in 2000 by means of a Chapter 11 restructuring. Not too long thereafter, Pathmark and the rest of the industry took a punch in the form of a sagging economy. What to do? In large measure, that's the theme of the treatise about ...

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