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6 The Courier sun • JUly 23, 2015 for breaking news visit www.couriersun.com STOP & SHOP TO BUY OUT PATHMARK, WALDBAUM’S SUPERMARKETS IN QUEENS BY ROBERT POZARYCKI rpozarycki@queenscourier.com @robbpoz Stop & Shop is looking to grab six Queens supermarkets off the clearance BUY DIRECT FROM THE MANUFACTURER FREE Measuring & Installation w/purchase of $100. with this ad. • Draperies • Vertical Blinds • Honeycomb Shades • Custom Window Shades • Mini Blinds Nobody Beats Our Prices! • Roman Shades • Balloon Shades • Swags & Jabots • Shutters • Upholstery • Radiator Covers • Table Pads UP TO 70% OFF LIST PRICE Free Interior Design Consultation $20 OFF with purchase of $200 or more *Not to be combined w/other offers. Expires 7/31/15 $50 OFF with purchase of $500 or more *Not to be combined w/other offers. Expires 7/31/15 $100 OFF with purchase of $1,000 or more *Not to be combined w/other offers. Expires 7/31/15 GOMER’S SINCE 1962 Window Treatments FREE SHOP AT HOME SERVICE SERVING QUEENS AND LONG ISLAND 1.800.522.6156 www.gomersdecorators.com German Lessons forChildren After School Program New York State Accredited Language Program No Previous German Necessary Classes Meet Once a Week Playgroup Age 4-5 From 4:30-6:15 Four convenient locations in the Greater New York area: Ridgewood, Queens (on Freshpond Rd.) Manhattan (NY), Franklin Square, Garden City. Classes Start Second Week in September For more information call: 212-787-7543 Or see: Low Tuition Minimum Age: 4 Years Kindergarten Age 5-6 Other Classes Ages 7-15 www.German-American-School.org rack. The company announced Monday it is acquiring local Pathmark and Waldbaum’s supermarkets from the struggling Great Atlantic and Pacific Tea Company (A&P), which filed for bankruptcy. In all, Stop & Shop is purchasing 25 Pathmark, Waldbaum’s and A&P locations in the tri-state area from the grocery giant for $146 million. The deal is subject to court approval, but is expected to be finalized before the end of this calendar year. On July 19, A&P announced it was filing for federal Chapter 11 bankruptcy protection, its second such filing in five years, according to The Wall Street Journal. A&P reportedly racked up $2.3 billion in debts versus $1.6 billion in assets, according to its bankruptcy filing. Reportedly, the company lost $300 million between February 2014 and February 2015. A Stop & Shop spokesperson said the acquired locations will remain open and become integrated into the national supermarket chain, and all of its employees would be retained. “Stop & Shop is always looking for convenient locations to better serve our customers,” said Don Sussman, president of the company’s New York Metro Division. “We are very happy to have the opportunity to expand our presence in greater New York and serve new customers.” Stop & Shop currently has five locations in Queens, including on Myrtle Avenue in Glendale; on Union Turnpike on the Glendale/Forest Hills border; on Northern Boulevard in Little Neck; and on 48th Street in Long Island City. The chain will more than double its presence in the “World’s Borough” with the addition of three Waldbaum’s stores on 26th Avenue in Bayside, Beach Channel Drive in Belle Harbor and Cross Bay Boulevard in Howard Beach, as well as three Pathmark locations on Farrington Street in Flushing, Atlantic Avenue in Ozone Park and Springfield Boulevard in Springfield Gardens. The 19 other Waldbaum’s and Pathmark locations that Stop & Shop purchased are in Nassau, Suffolk and Westchester counties, Staten Island, Brooklyn, the Bronx and New Jersey. The 25 stores Stop & Shop acquired represent about 10 percent of A&P’s 296 stores nationwide. As part of the bankruptcy filing, A&P put up 120 supermarkets for sale at a combined $600 million, which will be tested at an upcoming auction. The company is closing 25 other locations immediately. None of these stores are in Queens. Stop & Shop has 395 stores from New Jersey to Massachusetts employing over 59,000 workers. THE COURIER/File photo The Howard Beach Waldbaum’s located on Cross Bay Boulevard is one of six local supermarkets being purchased by Stop & Shop.


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