The Fresh Market

PE-Owned

Carlyle Group took The Fresh Market private for $1.36B in 2016. The upscale grocer struggled with debt and competition from Whole Foods and Trader Joe's. Carlyle sold it in 2020 to a consortium led by Apollo after years of store closures and leadership turnover.

Founded: 1982|Acquired by The Carlyle Group (2016)$1.36B|Website →
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locations tracked

Ownership Information

The Fresh Market is owned by The Carlyle Group. 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

1982

The Fresh Market founded

2016

Acquired by The Carlyle Group for $1.36B

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