Chestertown Superfresh Gets Buyer

The owner of Superfresh grocery stores says it will shut down 13 stores in July because it cannot find buyers. Superfresh has been trying to sell 25 stores, mostly in the Baltimore area, and announced that it found buyers for 12 stores. Ten stores will be sold to a joint venture between organic grocer Mrs. Green’s Management Corp. and Village Super Markets Inc. That sale includes two Baltimore stores as well as stores in Parkville, Arnold, White Oak, Lutherville-Timonium, Cambridge, Chestertown, Brunswick and Washington, D.C.

The sales could generate more than $40-million for the grocery chain’s parent company, Great Atlantic and Pacific Tea Co., which is in bankruptcy. The company has said 1,500 workers could lose their jobs. The 13 remaining stores that were not sold at auction are expected to be closed by mid-July, subject to bankruptcy court approval.