Fresh Market looking for buyer; Fresh & Easy eyes Chapter 11, again

Fresh Market is exploring a deal to take the company private with the help of private equity. 

Fresh Market Chairman Ray Berry is looking for a buyout from private equity firms, Reuters reported. Berry owns 4.1 percent of the company and may team up with his son-in-law, Michael Barry, who holds a 6.4 percent share of the publicly-traded company.

The news is just one of several relative to the grocery industry. Albertsons has delayed its initial public offering, originally scheduled for Wednesday. Haggen filed for Chapter 11 bankruptcy protection in September and Brookshire Grocery is now looking into selling itself. Last week, Walmart's stock price tumbled after a warning of a profit decline.

And now there's news that California's Fresh & Easy could file for Chapter 11 bankruptcy protection for the second time in two years.

Fresh & Easy was acquired in 2013 by Yucaipa Cos., following Tesco's failure to launch a brand in the U.S., a first for the U.K.-based grocer. Yucaipa subsequently closed roughly a third of the stores as it struggles to create a convenience store model for fresh foods.

For more:
-See this Supermarket News article
-See this Reuters article
-See this Bloomberg story

Related stories:
Walmart expands online grocery sales to 8 new markets
Walmart expands in-store grocery pickup service
Walmart Canada debuts click-and-collect
Walmart opens first Pickup Grocery store in Arkansas
Walmart buys Canadian locations from Target

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