The Fresh Market

For the chain of grocery stores in Utah, see Associated Fresh Market.
The Fresh Market, Inc.
Private
Traded as NASDAQ: TFM
Industry Retail
Founded March 8, 1982
Headquarters Greensboro, North Carolina
Number of locations
 177 (all in USA)
Area served
 Southeastern U.S.
Mid Atlantic U.S.
Midwest
Key people
 Ray Berry (grocer) and Beverly Berry (founders)
Products Grocery
Revenue $1,753,166,000
(year ending 2015-01-25)[1]
$103,613,000
(year ending 2015-01-25)[1]
$63,025,000
(year ending 2015-01-25)[1]
Number of employees
 13000
Website thefreshmarket.com

The Fresh Market is a chain of gourmet supermarkets based in Greensboro, North Carolina.[2]

History

The Fresh Market was founded by Ray and Beverly Berry on March 8, 1982 in Greensboro, North Carolina. The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets.[3] The company operates 178 stores in 27 states,[4] located in the Southeast, Midwest, Mid-Atlantic and Northeast, with plans for continued expansion throughout the country. Their first store in the West opened in October 2012 in Roseville, California. However, in March 2014, the company announced that it was closing all three of its Sacramento area stores including its Roseville store.[5]

In 2012, longtime family-owned Houston grocer Rice Epicurean Markets closed all but one of its 5 stores to make way for The Fresh Market, the Greensboro, N.C.-based specialty food chain announced (November 14, 2012). Fresh Market will remodel each location and plans to open the four stores in the latter half of next year.[6]

After increasing the price of its initial public offering from $18–20 to $22, Fresh Market raised $290 million, and on November 5, 2010, began trading on Nasdaq using the symbol TFM.[7]

Apollo Global Management, LLC (APO), a leading global alternative investment manager, acquired the stock of The Fresh Market, Inc. (TFM) ("The Fresh Market") as of April 27, 2016. As a result, The Fresh Market became a privately-held company and The Fresh Market's common stock ceased trading on the NASDAQ.

Locations

Fresh Market operates stores in these US states:[8]

References

  1. 1 2 3 http://www.nasdaq.com/symbol/tfm/financials?query=income-statement
  2. ↑ "Contact Us." Fresh Market. Retrieved on July 13, 2010. "Mail: 628 Green Valley Road Suite 500 Greensboro, NC 27408-7041"
  3. ↑ http://www.freshmarket.com/Company/history.html
  4. ↑ http://www.thefreshmarket.com/about.html
  5. ↑ http://www.sacbee.com/2014/03/06/6216274/fresh-market-closing-all-3-sacramento.html
  6. ↑ Kaplan, David. "Rice Epicurean to close four stores to make way for The Fresh Market." Houston Chronicle. November 14, 2012. Retrieved on November 15, 2012.
  7. ↑ "Report: Fresh Market raises $290 million at IPO". News & Record. 2010-11-05. Retrieved 2010-11-05.
  8. ↑ http://www.thefreshmarket.com/all-stores
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