One of the oldest banners in the Texas grocery market is closing down as Minyard Food Stores sells its remaining locations to Fiesta Mart.
Minyard, which also operated Sun Fresh Markets, was started in 1932 by the Minyard family. It was sold in 2004 to a private equity firm, and at its peak operated 69 stores under the Minyard, Carnival and Sack 'n Save banners. There were also 15 stand-alone fuel centers in the Dallas–Fort Worth market, according to The Dallas Morning News.
But after its purchase by Q Investments, the chain struggled and began closing stores.
Houston-based Fiesta Mart has agreed to buy the nine remaining Minyard Food Stores and two Sun Fresh Market locations. There are eight Sun Fresh Markets stores that will continue to operate under the ownership of RLS Supermarkets.
The Texas grocery market is undergoing a shift as H-E-B expands both in the state and online, and Brookshire Grocery reconsidered its sale, announcing that it would continue to operate.
- see this Dallas Morning News story