D'Agostino could be looking for a buyer

New York grocer D'Agostino is looking for a buyer as it faces increased competition.

D'Agostino is one of the last remaining independent grocers in New York and an iconic brand known well beyond the city. Down from 26 stores at its peak, the company is quietly shopping its nine remaining stores in Manhattan, according to the New York Post.

The 84-year-old grocer closed four locations in the past year.

Key Food, which also owns four Food Emporium stores, is among those that might be interested in the brand, although executives did not comment on the New York Post story.

Just last month, Fairway Market filed for Chapter 11 bankruptcy protection after roughly 83 years in business. Fairway also went looking for a buyer, but failed to find one. In February, the company began exploring options and now has a pre-negotiated turnaround plan.

For more:
- see this New York Post story

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