All indications are that the chain is going to be sold off piece-wise. There are other chains bidding for specific locations. Even with "recent" acquisitions, they are have declined from being the #1 grocery chain in the country with 4,000 stores in 1936 to a small regional presence of 296 recently. In the last week, they have already sold 76 stores to Acme, another 25 stores to Shop & Shop, and closed 25 more. They have announced in the bankruptcy filing that they are selling all of the stores or closing them, and they are well along that path already. Rebranding of some of the stores in the Philadelphia area has already begun.
Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008