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By Sean Somerville and Sean Somerville,SUN STAFF | July 6, 1996
About six weeks after Parks Sausage Co. ran out of money and closed its doors, the company has reopened on a limited basis and will start shipping products next week, the prospective new owner said yesterday.Franco Harris, the Pittsburgh businessman who is buying the company in a deal expected to be made final by August, said Parks is gearing up to satisfy demand for sausage links and other products from Pathmark Stores, a Northeastern chain of grocery stores."We're making products, so it feels good," said Harris.
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BUSINESS
By Gus G. Sentementes and Baltimore Sun reporter | April 14, 2011
In a move that could signal the end of the Superfresh grocery store franchise in Maryland, the chain's parent company, which operates more than two dozen stores in the state, said Wednesday it wants to sell most of its local outlets as part of a plan to emerge from bankruptcy protection. The Great Atlantic & Pacific Tea Co. of Montvale, N.J., said it plans to seek bankruptcy court approval to sell 22 stores in Maryland, two stores in Delaware and one in Washington.The sales, if approved by the U.S. Bankruptcy Court in New York, are expected to be completed by mid-June, the company said.
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BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 10, 1999
Royal Ahold NV, the Dutch food retailer that acquired Giant Food Inc. in October, said yesterday that it plans to buy Pathmark Stores Inc. of New Jersey for $1.75 billion in cash and assumed debt as it strives to boost its growing share of the U.S. grocery market.Ahold, the nation's fourth-largest supermarket company, said it plans to pay $250 million and assume the company's debt of about $1.5 billion. Pathmark's 132 stores are mainly in metropolitan New York.Ahold said it will acquire all outstanding stock of SMG-II Holdings Corp, which controls Pathmark through its subsidiary, Supermarket General Holdings Corp.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | December 17, 1999
Dutch food retailer Royal Ahold NV, the owner of Giant Food Inc., scuttled its planned $1.75 billion takeover of Pathmark Stores Inc. yesterday because of opposition from federal regulators. Royal Ahold, the sixth-largest supermarket company in the United States, said it ended its purchase agreement after the Federal Trade Commission made clear its opposition. Supermarkets General Holdings Corp., Pathmark's parent company, responded by saying Ahold breached its merger agreement.
BUSINESS
By Gus G. Sentementes and Baltimore Sun reporter | April 14, 2011
In a move that could signal the end of the Superfresh grocery store franchise in Maryland, the chain's parent company, which operates more than two dozen stores in the state, said Wednesday it wants to sell most of its local outlets as part of a plan to emerge from bankruptcy protection. The Great Atlantic & Pacific Tea Co. of Montvale, N.J., said it plans to seek bankruptcy court approval to sell 22 stores in Maryland, two stores in Delaware and one in Washington.The sales, if approved by the U.S. Bankruptcy Court in New York, are expected to be completed by mid-June, the company said.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | December 17, 1999
Dutch food retailer Royal Ahold NV, the owner of Giant Food Inc., scuttled its planned $1.75 billion takeover of Pathmark Stores Inc. yesterday because of opposition from federal regulators. Royal Ahold, the sixth-largest supermarket company in the United States, said it ended its purchase agreement after the Federal Trade Commission made clear its opposition. Supermarkets General Holdings Corp., Pathmark's parent company, responded by saying Ahold breached its merger agreement.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | June 10, 2003
Giant Food LLC, the Baltimore area's biggest grocer, will begin offering online service to deliver thousands of specialty items not found on the supermarket shelves to customers' homes via Federal Express. Consumers will be able to order from 30,000 hard-to-find brands or products through "Giant Special Deliveries," starting June 22. Giant is offering the service through an arrangement with neXpansion Inc., a North Brunswick, N.J., company that sells nonperishable items through supermarket Web sites under the retailer's banner.
BUSINESS
September 5, 2004
Tuesday Earnings reports: Cardinal Health, Fleetwood Enterprises, Neiman Marcus Wednesday * Consumer credit for July * Fed's beige book is released Thursday * Import and export prices for August * Wholesale inventories for July * Initial unemployment claims for the previous week Earnings reports: CBRL Group, National Semiconductor, Pathmark Stores, Quiksilver Friday * Trade balance for July * Producer Price Index and core Producer Price Index...
BUSINESS
September 10, 2004
LOCALLY SafeNet Inc. The Belcamp-based maker of network security systems, which on Tuesday introduced an "intrusion prevention system" for chip manufacturers and communications processors, gained 4.4 percent yesterday. NATIONALLY Pathmark Stores Inc. The supermarket chain, which operates stores in the New Jersey, New York and Philadelphia areas, tumbled 18 percent yesterday after reporting a nickel-a-share second-quarter loss. The company said it likely will default on some of the terms of its credit agreement this quarter and reduced its full-year earnings estimate.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 10, 1999
Royal Ahold NV, the Dutch food retailer that acquired Giant Food Inc. in October, said yesterday that it plans to buy Pathmark Stores Inc. of New Jersey for $1.75 billion in cash and assumed debt as it strives to boost its growing share of the U.S. grocery market.Ahold, the nation's fourth-largest supermarket company, said it plans to pay $250 million and assume the company's debt of about $1.5 billion. Pathmark's 132 stores are mainly in metropolitan New York.Ahold said it will acquire all outstanding stock of SMG-II Holdings Corp, which controls Pathmark through its subsidiary, Supermarket General Holdings Corp.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | July 6, 1996
About six weeks after Parks Sausage Co. ran out of money and closed its doors, the company has reopened on a limited basis and will start shipping products next week, the prospective new owner said yesterday.Franco Harris, the Pittsburgh businessman who is buying the company in a deal expected to be made final by August, said Parks is gearing up to satisfy demand for sausage links and other products from Pathmark Stores, a Northeastern chain of grocery stores."We're making products, so it feels good," said Harris.
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