Private equity killed Fairway
January 24, 2020
Fairway Market is a New York City institution known for its extensive product assortment of cheese, imported beer, olives, olive oil, smoked salmon and other items not found in conventional supermarkets. The four-store grocery operator was growing slowly and profitably until Sterling Investment Partners bought an 80 percent stake in the business. In the end, the debt carried to finance that deal along with serious management missteps led Fairway to file for Chapter 11. The chain is seeking to sell its name and remaining stores.
Recent News
Apple Is Developing Chips for AI Software in Data Centers, According to Reports
According to a report from the Wall Street Journal, Apple has been working on chips designed to power artificial intelligence software within data centers.
FAA Launches New Boeing Probe, 787 Dreamliners Under Fire
Beleaguered Boeing continues to face federal woes, this time for its 787 Dreamliners.
Emotion Emerges as a Key Brand Value Measure in 2024
In 2024, CMOs are making measurable brand value their top priority, with emotion taking on a significant role in this assessment.
Hy-Vee Recalls Cream Cheese, Cookies & Cream for Salmonella Outbreak
Hy-Vee has issued a voluntary recall of two products due to a potential Salmonella outbreak.