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Thursday, November 09, 2006

At least some of the 28 area Tops Markets set to close in four weeks will be sold off

By JOHN BOOTH1:21 pm, November 9, 2006

At least some of the 28 area Tops Markets set to close in four weeks will be sold off, according to an official with the Buffalo, N.Y.-based company. About 1,500 workers are employed at the stores.

“We are still talking to other buyers who are very interested in employing our associates,” said Tops spokeswoman Tracy Pawelski. “We hope to make those announcements very shortly.”Asked if it is a certainty that some of the 28 local Tops stores will be sold rather than closed, Ms. Pawelski replied,“Yes. Absolutely.”

Last month, Tops announced the sale of 18 of its 46 Northeast Ohio stores to Pittsburgh-based Giant Eagle Inc. Four of those stores will be sold to Dave’s Supermarkets, with a fifth to be run by an independent Giant Eagle operator.Any Tops stores remaining unsold will close December 8 “whether or not a buyer has been found,” according to a press release.That release notes, however, that Tops parent company, Netherlands-based Royal Ahold N.V., “is in the process of finalizing additional agreements in the upcoming weeks.”

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