Tuesday, April 24, 2007

LOCAL Farmer Jack Sells

from WDIV Detroit TV 4


It's selling time for Farmer Jack, a chain of grocery stores that have been in metro Detroit for decades. A & P Company, Inc., the company that owns Farmer Jack, announced that it is in negotiations for the potential sale of its operations in the Midwest. The company cited unsatisfactory operating trends in that market, and the need to devote resources to its expanding Northeast core business, as the reason for the action.

A&P has informed its employees in the Midwest and their union representatives that it anticipates the sale of groups of stores to selected bidders. The company said that it cannot release additional details concerning the ongoing process until definitive acquisition agreements are reached over the next few months.

A&P acquired the Farmer Jack chain in 1989 and at present operates 66 stores in southeast Michigan.

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