464A News

August 30, 2010 - A&P has denied reports that it may be merged into a larger company over the long run. The reports came from a comment by a partner in Germany's Tengelmann Group which owns a 41% stake in the ailing U.S. supermarket icon.
In a statement The Great Atlantic & Pacific Tea Co., Inc. said comments were taken "out of context" stating further that its "managers are focused on achieving an effective turnaround."

August 30, 2010 - The Great Atlantic & Pacific Tea Company, Inc. has announced the appointment of Tom O'Boyle to the new position of Executive Vice President, effective immediately. He leads the Merchandising, Marketing, Supply & Logistics departments tasked with developing a cohesive synergy between these functions, reporting to President and Chief Executive Officer Sam Martin.

August 27, 2010 - UFCW Local 464A President, John T. Niccollai announces an exciting Voter Registration Drive for all Local 464A Members. All Members who see their Union Agent or Service Representative and are qualified to, and register, will be eligible for a drawing for a cash prize. There are five prizes to be drawn at the October 12, 2010 General Membership Meeting in Little Falls, NJ.
Drawing 1 - $50.00
Drawing 2 - $100.00
Drawing 3 - $500.00
Drawing 4 - $1000.00
Grand Prize Drawing 5 - $2500.00

August 24, 2010 - The Great Atlantic & Pacific Tea Company, Inc. (A&P) has announced that Carter Knox will assume the role of Senior Vice President, Human Resources & Communications.

August 24, 2010 - The Great Atlantic & Pacific Tea Company, Inc. (A&P) has announced the appointment of Frederic F. ("Jake") Brace to the new position of Chief Administrative Officer (CAO), effective immediately. Brace will oversee A&P's Finance and Accounting, Real Estate and Information Systems departments, reporting to President and Chief Executive Officer Sam Martin.

August 20, 2010 - Gone after only four months, Mark Kramer has been replaced by Paul Hertz as Executive Vice President of Operations at The Great Atlantic and Pacific Tea Co., Inc. Hertz joins newly installed CEO, Sam Martin, as the latest addition from Office Max where he had served as Executive Vice President of the office products firm’s retail stores. Kramer left to pursue other interests according to A&P.

August 16, 2010 - UFCW Local 464A President, John T. Niccollai has identified those A&P and Pathmark branded stores in the Local 464A jurisdiction that are expected to be closed by the Great Atlantic & Pacific Tea Company.  The Company has announced that it will close 25 stores; 5 A&Ps and 9 Pathmarks are within the Local's jurisdiction:

A&P
Lodi, New Jersey
East Brunswick, New Jersey
Woodbridge, New Jersey
Maplewood, New Jersey
Yorktown Heights, New York

August 16, 2010 - The Great Atlantic & Pacific Tea Company, Inc. (A&P) has announced that it will close 25 stores in five states as the Company begins the implementation and execution phase of its comprehensive turnaround. The affected stores include locations in close proximity to other Company stores, those facing real estate and cost issues, and underperforming non-core stores. The store closures are expected to be completed in the Company's fiscal third quarter.

August 3, 2010 - Taking note of the recent appointment of Ron Martin as President and CEO of The Great Atlantic & Pacific Tea Company and A&P’s weak first quarter financial performance, Local 464A President, John T. Niccollai, signaled his cautionary hope that prospects at the iconic food retailer will improve.

August 2, 2010 - Saying “We believe A&P’s capital structure is ultimately unsustainable at current performance levels.” Moody’s investor services has downgraded its speculative grade rating of A&P. This joins Standard and Poor’s rating agency, which also downgraded the company to CCC with a negative outlook.