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Tengelmann Seeking A&P Exit: Report
MONTVALE, N.J. — The Tengelmann family is considering selling its stake in A&P, according to a report in a German newspaper.
July 1, 2011
1 Min Read
SN STAFF
MONTVALE, N.J. — The Tengelmann family is considering selling its stake in A&P, according to a report in a German newspaper.
The report in Lebensmittel Zeitung said the Tengelmann Group, whose scion Christian Haub is A&P’s chairman, had doubts about the retailer’s turnaround plan.
Tengelmann was the largest shareholder in A&P before the chain filed for bankruptcy protection in December. A spokesman for A&P was not immediately available for comment.
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