Fairway Market names CEO
March 14, 2017
Fairway Market, the struggling supermarket chain owned by Blackstone Group’s GSO Capital Partners, has name Abel Porter as its new chief executive. Mr. Porter, who has spent the last 20 years at Smith Food and Drug, replaces Jack Murphy. Fairway, which operates 15 stores in the New York metro area, emerged from bankruptcy protection in July.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.