Banners A&P, Waldbaum's and Food Basics, as well as private brands Woodson & James, Hartford Reserve and Great Atlantic Seafood Market, are among the intellectual properties that A&P has sold
Three years after filing for bankruptcy, historic grocer The Great Atlantic & Pacific Tea Co. (A&P) has finished unloading all of its banners and other intellectual properties.
The A&P, Waldbaum’s and Food Basics supermarket banners have officially been sold, as have “certain miscellaneous brands and other intellectual property assets,” according to New York-based Hilco Streambank, which has acted as the exclusive broker to the now-defunct grocer since its bankruptcy. The latest brands sold include private labels Woodson & James (beef), Hartford Reserve (premium products), and Great Atlantic Seafood Market (seafood).
In total, Hilco Streambank has assisted A&P in selling 23 brands over the course of its engagement. Terms of the deals haven't been disclosed, however.
“Such supermarket banners, including A&P and Waldbaum's, have a long and rich history in the Northeast,” Hilco Streambank SVP Richelle Kalnit noted. “We are excited to see how the new owners of these brands will continue the legacy.”