Canadian Packaging

Fresh Market sold for $1.36-billion

Apollo Global Management is new owner, in deal expected to close Q2 2016.

March 14, 2016   by Canadian Packaging staff


General
Apollo Global Management
grocery chain acquisition
The Fresh Market

Known as a global investment firm with controlled assets of US$170-billion, the New York-based Apollo Global Management has acquired The Fresh Market, a grocery chain headquartered in Greensboro, North Carolina for US$1.36-billion.

Opening its doors in 1982, The Fresh Market now has 168 stores across 27 U.S. States—strongest in the southeast and mid-Atlantic—providing fresh, local ingredients in small stores similar to a European style, with warm lighting, classical music and old-world charm (see photo of a store above).

Fresh Market has over 13,000 employees.

The deal is expected to close in Q2 2016.

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