A&P Files Bankruptcy Again After Suppliers Threaten Cutoff
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Great Atlantic & Pacific Tea Co. filed for bankruptcy again, just three years after emerging from court protection with the help of investors including Ron Burkle’s Yucaipa Cos.
As the grocer bled cash in recent months, some vendors demanded faster payments and threatened to cut off supplies, A&P’s financial advisory firm said in a court filing. The company’s top goal in bankruptcy is to maintain daily deliveries of perishable inventory, such as eggs, butter and milk, FTI Consulting Inc. said.