… Parent company is trying to sell most of its stores in Maryland …
By Jamie Smith Hopkins, The Baltimore Sun
2:19 PM EDT, May 16, 2011
The plan to reorganize Superfresh by selling almost all its grocery stores in Maryland could result in about 1,480 layoffs — most in the Baltimore area — if the locations can’t find buyers and close instead.
State regulators said Monday that the company is warning that closings could start as soon as July 6. Twenty-two of the 24 Superfresh stores in the state are part of the reorganization effort, including 16 in the Baltimore metro area that employ almost 1,100 people. Two stores in Ocean City are not up for sale.
Superfresh’s parent, the New Jersey-based Great Atlantic & Pacific Tea Co., said in April that it would ask for bankruptcy court approval to sell the majority of its Maryland stores and three others that are “outside of A&P’s core market.”
Copyright © 2011, The Baltimore Sun