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Sale of Grand Union Stores Finally Closes

WAYNE, NJ-The supermarket's name will survive, but the 186-store chain will end up as a 30-store operation in the hands of a Vermont-based wholesaler with the others all being sold off in small blocks to other companies.

By Eric Peterson | Updated on March 06, 2001

WAYNE, NJ-After three bankruptcy filings in three years, a court challenge to the deal to sell its assets and a complicated store disposition process, Grand Union, the supermarket operator based here, has finally closed on the sale of the bulk of its assets to C&S Wholesale Grocers of Brattleboro, VT. One almost needs a scorecard to identify the players.

The transaction that just closed was the sale of 170 stores to C&S. The latter, in turn, is selling six of them to Pathmark, 19 to Shaws and 20 to Tops. All will remain as supermarkets, operating in New Jersey and New England. C&S will retain 30 of them, entering the retail side of the business itself. The 30 will continue to bear the Grand Union name.

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