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Company Profile
- The Penn Traffic Company
- Country : United States
- City: Syracuse
- State: New York - NY
- Address: 1200 State Fair Blvd.
- Zipcode: 13221-4737
- Category: Fortune 1000 Companies
- Description: The Penn Traffic Company hopes to see its supermarket aisles packed bumper to bumper with shopping carts. The company runs four regional food chains: about 215 stores that include Big Bear and Big Bear Plus (combination food and general merchandise stores) in Ohio and West Virginia, Bi-Lo Foods in Pennsylvania, and P&C Foods and Quality Markets in New Hampshire, New York, Pennsylvania, and Vermont. It also runs a food distribution unit that serves its stores and about 150 franchised and independent grocers. Having emerged from Chapter 11 bankruptcy, Penn Traffic is focusing on areas where it is #1 or #2 (which represent about 75% of sales). Hedge funds run by Soros Fund Management own 45% of the company.
- Products: Food & Drug Stores