Sprouts Farmers Market

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Sprouts Farmers Market
Type Public
Traded as NASDAQSFM
Industry Grocery store, Health food store
Founded 2001
Headquarters Phoenix, Arizona, United States
Area served Arizona, California, Colorado, Nevada, New Mexico, Oklahoma, Texas, Utah, Kansas, Georgia
Products Food, organic food, vitamins and dietary supplements
Owner(s) Apollo Global Management
Employees 50000+
Website www.sprouts.com
Sprouts Farmers Market in Los Angeles, California

Sprouts is an American chain of specialty grocery stores with over 150 locations across the United States. Sprouts stores are smaller than a typical supermarket, focusing on fresh foods, produce, healthy foods and vitamins/supplements. Its corporate headquarters are in Phoenix.[1]

Sprouts is the second specialty market brand developed by the Henry Boney family and friends, who sold their Henry's Farmers Market in 1999. This includes Kevin Easler, Shon Boney, Scott Wing, Stan Boney, and maybe other executives. [2] In February 2011, Apollo Global Management announced that it was acquiring Sprouts via its Smart & Final subsidiary, and merging it with Henry's Farmers Market and Sun Harvest. The combined company, which operates under the name Sprouts Farmers Market, has over 100 stores and had more than 7,000 employees at the end of 2011.[3][4]

The merger reunites two market chains founded by the Henry Boney Family, which remains active in its management.[5] [6]

In March 2012 Sprouts Farmers Market acquired Sunflower Farmers Market.[7]

In 2013, Sprouts Farmers Market took over a failed development project by Whole Foods in Albany, CA. The development project is highly contested by the community, because it involves land some people desire for a community urban farm. This land is adjacent to land in experimental farming by the University of California, but was previously used in housing developed for shipyard workers in World War II, and now cleared of old buildings in the University's Albany Village housing development. The group Occupy the Farm launched a Boycott Sprouts campaign to ask the supposedly pro-farmer corporation to backtrack from the development deal in Albany, CA.[8][9][10]

References[edit]

  1. ^ "Contact Us." Sprouts Farmers Market. Retrieved on January 23, 2013. "Sprouts Farmers Market Corporate Office 11811 N. Tatum Blvd., Suite 2400 Phoenix, AZ 85028"
  2. ^ Giddens, David (2005-06-10). "Sprouts growing in North Texas". Dallas Business Journal.
  3. ^ "Merger website"[1]
  4. ^ "Sprout's Locations[2]
  5. ^ Hamstra, Mark (16 February 2011). "Apollo Combines Sprouts, Henry's". Supermarket News (Penton Media, Inc.). Retrieved 4 December 2011. 
  6. ^ Crabtree, Penni (27 February 2011). "Merger of Henry's, Sprouts is latest in Boney family's retail saga". SignOn San Diego (The San Diego Union-Tribune, LLC). Retrieved 4 December 2011. 
  7. ^ "Sprouts acquires Sunflower Farmers Market". March 9, 2012. Retrieved June 19, 2012. 
  8. ^ http://www.indybay.org/newsitems/2013/09/27/18743917.php
  9. ^ http://boycottsprouts.com/
  10. ^ https://www.change.org/petitions/sprouts-farmers-market-pull-out-of-a-development-agreement-in-albany-ca/

External links[edit]