NEW CANAAN, Conn. - Grocery shoppers will see a new name above the former Food Emporium on Elm Street in New Canaan as it reopens Friday as ACME Supermarket.
The sale of 95 A&P-owned stores to Acme and Stop & Shop was approved June 20 by a bankruptcy court in White Plains, N.Y.
The sale includes 71 stores to Acme for $246 million and 24 to Stop & Shop for $124 million.
The Food Emporium's parent company, Great Atlantic & Pacific Tea Company Inc, struggled to make money on the stores and finally declared Chapter 11 bankruptcy on July 20.
The A&P stores in Greenwich also switched over to the Acme brand.
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