Fairway Market
PE-Owned1 Documented ImpactSterling pushed reckless expansion of this beloved NYC grocer. Never reported a profitable quarter post-IPO. Filed bankruptcy twice.
Ownership Information
Fairway Market is owned by Sterling Investment Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Fairway Market founded
Acquired by Sterling Investment Partners for $150 million
Fairway Market bankrupted twice after Sterling's reckless expansion
Sterling 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 vs. After PE Acquisition
Locations
Reported 2020
Before PE
14 stores
After PE
~4 (sold to Village Super Market)
↓ 71%
Tracked Locations
FL (1)
Miami
5110 Main St
Miami, FL 33101
555-837-3465
TN (1)
Nashville
7478 Main St
Nashville, TN 37201
555-373-1333
TX (2)
Dallas
5489 Main St
Dallas, TX 75201
555-417-7500
San Antonio
9337 Main St
San Antonio, TX 78201
555-516-4010