Winter Harbor LLC

A&P

Regional Grocery Chain Files Second Bankruptcy Protection

 

Great Atlantic & Pacific Tea Company (A&P) was a large regional grocery chain with over 300 conventional supermarkets, combination food and drug stores, and discount food stores across the mid-Atlantic and northern United States. During open operations, A&P experienced $7.5 billion of annual revenue. Unable to find a suitable buyer, A&P filed for Chapter 11 bankruptcy in July 2015.

Our Role

Winter Harbor professionals served as restructuring advisor as the A&P prepared for Chapter 11 bankruptcy filing.

  • Assisted with the preparation for Chapter 11 bankruptcy filing, along with the required first-day motions and proceedings support.

  • Prepared comprehensive liquidation analysis, including the analysis of lease value.

  • Led discussion and negotiations with critical vendors.

  • Provided general assistance analysis, including avoidance-action analysis.

  • Prepared A&Pā€™s Statement of Financial affairs, along with all other official scheduled filings.

Engagement Outcome

Winter Harbor was engaged by A&P following the extensive search for suitable acquirers. Upon filing for its second Chapter 11 bankruptcy protection, A&P closed all supermarkets and stores within a 6-month period. District facilities were sold to strategic buyers, including Pathmark, Stop & Shop, Albertsons, and Wakefern Food. A&P wine and spirits stores were auctioned off to the marketing during 2016.