A&P, the supermarket company that owns Pathmark and other brands, filed for bankruptcy protection Sunday for the second time in less than five years. Doing business as the Great Atlantic & Pacific Tea Co., the 156-year-old firm submitted a Chapter 11 filing to the U.S. Bankruptcy Court for the Southern District of New York, and it has identified bidders for 120 of its 296 stores, according to the Wall Street Journal.
A&P also operates under brands such as Best Cellars, Food Basics, Food Emporium, Superfresh and Waldbaums.
Based in Montvale, New Jersey, A&P previously filed for bankruptcy protection in 2010. It emerged as a privately held company in 2012. The firm said it was in talks with Acme Markets Inc., a unit of the mammoth retailing company Albertsons LLC, to acquire its assets, Reuters reported. Among Albertsons’ many brands are Jewel-Osco, Safeway and Vons, as well as Acme.