Tops Markets Out of Bankruptcy


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 be able to invest in its remaining stores and improve the shopping experience for customers. He says they're about to roll out online grocery shopping that will let customers pick up their order when convenient. That's on top of the grocery delivery option launched earlier this year

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