Word: tengelmann
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Dates: during 1980-1989
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...Tengelmann group. West Germany's largest grocery chain, was less fortunate. Two years ago it bought control of the once proud Great Atlantic and Pacific Tea Co. and has so far lost $75 million on its investment. The American chain had been limping along for years mainly because it had gained a reputation for selling low-priced and low-quality merchandise. But the new German owners made matters worse. They converted many A & P outlets into so-called box stores, which are small, streamlined operations stocked usually with heavily discounted products from A & P's own factories rather...