The German publication Lebensmittel Zeitung reported that the Tengelmann family, which controls the bankrupt Great Atlantic & Pacific Tea Co. (A&P) in the US, is considering selling its stake in the company because it has “doubts” about the company’s turnaround plans.
- KC's View:
- The questions are a) who would want A&P at this point, b) what would anyone be willing to pay, and c) should someone interested in buying A&P immediately be put in touch with both an accountant and a good therapist.
