A.G. Ferrari Food goes Bankrupt


One of the country’s oldest delicatessens, A.G. Ferrari Food has filed for bankruptcy protection. Founded almost a century ago, the San Leandro-based Italian market filed for bankruptcy at the US Bankruptcy court in Oakland, citing between $1 million and $10 million in assets and about the same amount in liabilities.

Chief Executive Officer Paul Ferrari confirmed that despite the bankruptcy filing, there would not be any changes to the company operations. He said, “Filing Chapter 11 will improve our cash flow and allow us to stabilize the business,” adding that the bankruptcy filing, “will help secure a strong future for the company.”

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