Revived A&P ready to fill its basket; Stock soars with financial overhaul; it eyes Pathmark.(News)

Crain's New York Business, December, 2005 by Elstein, Aaron

Byline: Aaron Elstein A&P's shelf-life seemed perilously short early last year, when the grocer was teetering on the brink of bankruptcy. Yet in a remarkable turnabout, the company today shines like a polished Granny Smith. New York's largest supermarket chain, owner of such familiar names as Food Emporium and Waldbaum's, has righted itself after what appeared to be a death spiral.

The company, formally known as the Great Atlantic & Pacific Tea Co., has returned to profitability for the first time since 2000. Its stock price has tripled this year, to more than $30 a share. The 146-year-old grocer is in growth mode again, with its sights firmly set on buying rivals Pathmark Stores Inc. and Acme to create a giant that could dominate the East Coast and take on...

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