There has been a lot of rumors going around but now the A P bankruptcy is out in the public. It seems that the grocery business is getting more and more competitive. This company was not able to turn things around in this competitive market. Many are not sure what may happen after this A P bankruptcy.
The company did give a statement which said they would still continue to conduct business as well as service customers in its over 395 stores. The press release also said that the company is going to have access to food as well as 800 million debtors in possession financing. JPM is going to allow them to keep paying suppliers and others in a normal way of business. This should keep the stores operating as normal but there are still many curves ahead after the A P bankruptcy.
It should be quite interesting to see how investors react to the A P bankruptcy. I am sure there is going to be a lot of fuss going around and many people wringing their hands. This shouldn’t be the case as there were plenty of signs to show the investors what was ahead. The A P bankruptcy was no surprise to those that were watching carefully.