MONTVALE, N.J. — The Tengelmann Group may consider eventually selling its stake in A&P, a spokeswoman for A&P here confirmed yesterday following reports of the potential sale in a German newspaper. Christian Haub, chairman of A&P and a member of the family that owns Germany-based Tengelmann, reportedly told Manager Magazin that Tengelmann, which acquired a stake in A&P 30 years ago and still owns a 38.6% share in the U.S. retailer, is seeking to boost the profitability of ...
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.