Tops Markets LLC has successfully completed its financial restructuring and emerged from Chapter 11. The company, which reorganized with the support of its secured creditors and the Official Committee of Unsecured Creditors, says it is emerging with “enhanced financial flexibility and (is) well positioned for long-term success,” adding that it will invest in its stores […]
Tag: Frank Curci
Posted inNortheast, Home Page Latest News
Tops To Close 10 Stores As Part Of Financial Restructuring
Tops Friendly Markets, which filed for Chapter 11 bankruptcy in February, plans to close 10 underperforming stores in New York by Nov. 30. As part of the move, Tops will file a reorganization disclosure statement with the U.S. Bankruptcy Court, and a hearing is scheduled for Sept. 27. The 10 stores to be closed are […]
Posted inNortheast, Home Page Latest News
Tops Sets Up Vendor Information Website Following Chapter 11 Filing
Tops Markets has set up both a consumer and vendor website to answer questions about last week’s Chapter 11 filing and financial restructuring process. Information is available at topsrestructuring.com or by calling the information hotline, toll-free from the U.S., at 888-764-7358. Tops CEO Frank Curci has said that the company intends pay vendors in full […]
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Tops Markets Files Chapter 11 To Pursue Financial Restructuring
Tops Markets LLC announced Feb. 21 that it has filed for Chapter 11 bankruptcy protection and is pursuing a financial restructuring in order to eliminate a substantial amount of debt from its balance sheet. The hope is that the move will position Tops for long-term success. Tops’ portfolio of stores in Upstate New York, northern […]