A.G. Ferrari Food's Financial Woes

By Kellie Onaga
|  Tuesday, Apr 5, 2011  |  Updated 8:24 AM PDT
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A.G. Ferrari Food's Financial Woes

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A nearly century old bay area family grocery store is in financial trouble.

San Leandro based A.G. Ferrari Food filed for bankruptcy yesterday to reorganize its finances, according to the Oakland Tribune.

The Italian grocery store chain closed one store in Berkeley over the weekend.  Twelve others will continue to operate.    Chief executive officer of Ferrari Foods Paul Ferrari says there will be no change in their day-to-day business.

The grocery chain has stores in Lafayette, Oakland, San Francisco, Belmont, Corte Madera, Los Altos, Palo Alto and Sunnyvale.

The store's offerings of pastas, sauces, olive oil and other items are selected to represent all 20 of Italy's food regions.

The first A.G. Ferrari Store opened in San Jose in 1919, but moved to Berkeley because so many of its customers lived there.

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