Tops takes first step to buy P&C stores
It’s been all the talk in half a dozen North Country communities – who will buy the bankrupt P&C stores. According to the Watertown Daily Times, it’s likely to be Tops Friendly Markets, based in Buffalo.
Today the creditors of P&C parent company, Penn Traffic, recommended bankruptcy court accept Tops $85 million offer for all of Penn Traffic’s 79 grocery stores, including all the P&Cs in the North Country. The deal still has to be approved by the court.
It would be good news for workers because Tops uses the same union as the P&C.
It would also be good news for communities like Canton, where the loss of a grocery store would have meant travelling to Potsdam to buy food.
If you grew up in Buffalo, you know Tops very well, particularly by their jingle, “Tops Never Stops…Saving You More.” Bummer I couldn’t find one of those old TV ads on youtube. Anybody see one?