TCR_Public/950419.MBX BANKRUPTCY CREDITORS' SERVICE, INC.



GRAND UNION FILES SECOND AMENDED CHAPTER 11 PLAN



  WAYNE, N.J.--April 19, 1995--The Grand Union
Company

announced today that it has filed its Second Amended Chapter 11 Plan and
corresponding Disclosure Statement.


  The amended Plan incorporates a settlement with, among others, the official
creditors committee of Grand Union's parent, Grand Union Capital Corporation
(GUCC).


  The settlement provides, among other things, for two series of warrants to
be issued under the Plan to holders of GUCC Zero Coupon notes.  Both series of
warrants will have a term of five years from the effective date of the Plan.  
Series 1 warrants will consist of 300,000 warrants having an exercise price of
$30 per share of new common stock.  Series 2 warrants will consist of 600,000
warrants having an exercise price of $42 per share of new common stock.  Ten
million shares of new common stock will be issued under the Plan. The Plan
allocates 80% of the warrants to the holders of the Senior Zero Coupon Notes
and 20% of the warrants to the holders of Senior Subordinated Zero Coupon
Notes.


  Grand Union also announced that it has proposed that the previously
scheduled May 18, 1995, confirmation hearing be rescheduled for May 31, 1995,
to accommodate the Bankruptcy Court's notice requirements.  A Grand union
spokesman said "We are pleased that we have been able to reach agreement with
the principal parties affected by Grand Union's restructuring consistent with
the accelerated timetable established at the commencement of the Chapter 11
case."



    CONTACT: The Grand Union Co.,
             Donald C. Vaillancourt, 201/890-6100