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Thursday, November 19, 2009

Penn Traffic Looking For Buyers For Stores

Penn Traffic files for bankruptcy
Courier Express
The Penn Traffic Co., a supermarket operator in the Northeastern U.S., filed for Chapter 11 bankruptcy Wednesday with plans to sell off its stores and other assets.
The company, based in Syracuse, N.Y., operates the P&C, Quality and BiLo supermarkets in upstate New York, Pennsylvania, Vermont and New Hampshire. They will remain open while the company looks for someone to buy them, CEO Gregory Young said in a statement.

This is Penn Traffic's third bankruptcy filing in the last 10 years. More...

1 comment :

Anonymous said...

This is no surprise. They have been strugeling for years.