Tops Friendly Markets has completed its restructuring and has emerged from Chapter 11 Bankruptcy. The company says in a statement that it has emerged with a stronger balance sheet and has shed some $445 million in debt. Tops says it has also resolved labor and pension issues. CEO Frank Curci says Tops will […]
A federal bankruptcy court has approved the reorganization plan filed by Tops Friendly Markets, and the chain plans to emerge soon from Chapter 11 protection. Tops CEO Frank Curci says the grocery chain has significantly reduced its debt, created a viable cost structure and downsized its number of stores.
Tops Friendly Markets has filed for Chapter 11 Bankruptcy, according to a press release to help the company get out from under its debt burden and position the grocery chain to move forward. Tops says its stores across New York, Pennsylvania and Vermont will stay in business and customers shouldn’t notice any change in day-to-day […]