Veteran Industry Investor Seeks to Revive A&P
By JON SPRINGER A&P by year-end was in the final stages of a stay in U.S. Bankruptcy Court that saw the company shed 65 stores, its previous management team, and millions in annual costs — leaving Ron Burkle with a clean sheet upon which to execute a sales turnaround. Burkle, whose Yucaipa Cos. had invested in A&P before its Chapter 11 filing last December, was a presence throughout the bankruptcy with holdings in preferred stock and in its debt. ...
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