Report: Tops Markets may be considering filing for bankruptcy

Feb 17, 2018

A report from Bloomberg says that Western NY-based Tops Markets may be getting ready to file bankruptcy.

Sources tell the business news site that Tops could potentially seek court protection from creditors as soon as this month.

Tops is based in Williamsville, in the Buffalo area, and runs about 170 stores in the Northeast.

Bloomberg notes that the grocer began almost a century ago in Niagara Falls.

A private equity company bought Tops from the Dutch retailer Ahold in 2007, and later the supermarket chain was bought out by store management in 2013.

There was no immediate comment on the Bloomberg report by Tops.