Grocer A&P files for bankruptcy

MONTVALE, NJ (AP) - The Great Atlantic & Tea Company, best known to grocery shoppers as A&P, says it has filed for Chapter 11 bankruptcy protection.

The company, founded in 1859, says it will have access to $800 million in debtor-in-possession financing and that all of its 395 stores are fully stocked and open for business.

The Montvale, NJ company says that it determined that it could not complete its turnaround plan without filing for bankruptcy protection.

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