Fairway Market
Sterling pushed reckless expansion of this beloved NYC grocer. Never reported a profitable quarter post-IPO. Filed bankruptcy twice.
- FOUNDED
- 1933
- ACQUIRED
- Sterling Investment Partners, 2007, $150 million
- IMPACTS
- 1 documented
Find a local alternative
Look for co-ops and independent grocers instead.
check if a business is PE-ownedexcludes The Fresh Market
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1933
Fairway Market founded
2007
Acquired by Sterling Investment Partners for $150 million
2020
Fairway Market bankrupted twice after Sterling's reckless expansion
HighClosure / BankruptcySterling Investment Partners pushed rapid expansion outside Fairway's core NYC base. Never reported a profitable quarter post-IPO. $250M debt load. Filed bankruptcy twice. Most stores sold off.
Before / After
MetricBefore PEAfter PEΔ
Locations
reported 2020
before 14 stores
after ~4 (sold to Village Super Market)
-71%
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