A US bankruptcy court has approved plans by regional grocer Penn Traffic to sell nine of its Big Bear stores in Ohio.


Pittsburgh-based Giant Eagle is to buy seven of the stores for US$46.8m, while Needler Enterprises and Bob Bay and Son will buy one store each.


Before the sale, Penn Traffic operated 211 supermarkets under the P&C, Big Bear, Quality and Bi-Lo banners.


The Syracuse-based company, which filed for bankruptcy in May, has until 29 January to file a reorganisation plan with the bankruptcy court, reported the Associated Press.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.