Crain’s New York Business reports that John Catsimatidis, owner of New York-based Gristedes, may be one of the two highest bidders to acquire Food Emporium, which has been put up for sale by the financially troubled Great Atlantic & Pacific Tea Co. (A&P).
Catsimatidis, who says he cannot discuss specifics because of a non disclosure agreement, confirms, however, that he would like to add the 16 Food Emporiums in NYC to his stable of 30 Gristedes units.
The other high bidder, according to reports, is investment bank Morgan Stanley.
Catsimatidis, who says he cannot discuss specifics because of a non disclosure agreement, confirms, however, that he would like to add the 16 Food Emporiums in NYC to his stable of 30 Gristedes units.
The other high bidder, according to reports, is investment bank Morgan Stanley.
- KC's View:
