(June 1) The Great Atlantic & Pacific Tea Co. Inc., Montvale, N.J., is optimistic that it will find a single buyer for its 21 Louisiana-based Sav-A-Center stores.

The company said in a news release that it was in advanced negotiations with a number of potential buyers.

"Thanks to the dedicated efforts of our management and associates, we have rebuilt and revitalized Sav-A-Center, which is now a solid operation positioned to thrive under new ownership committed to long-term growth," said Eric Claus, A&P’s president and chief executive officer, in the release.

A&P is exiting the Louisiana market to focus on its core Northeast operations.