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It’s Bankruptcy For Tops

Local News

Tops Friendly Markets has filed for bankruptcy.

The company CEO, Frank Curci, confirmed that move Wednesday.

Tops is filing for Chapter 11 bankruptcy and pursuing a voluntary financial restructuring.

Bloomberg reports that sales for Tops dropped when the federal government cut food stamp subsidies, which is about 10% of annual revenues.

Curci says all the stores are open, and the company expects no impact on daily operations.

Tops is headquartered in Williamsville.

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