The Fresh Market
| File:The Fresh Market Logo.png | |
| Company type | Private |
|---|---|
| Nasdaq: TFM | |
| Industry | Retail |
| Founded | March 5, 1982 |
| Founders | Ray Berry and Beverly Berry |
| Headquarters | Greensboro, North Carolina, U.S. |
Number of locations | 177 (all in USA) |
Area served | Southeastern U.S. Mid Atlantic U.S. Midwest |
Key people | Richard Anicetti (CEO) |
| Products | Food |
| Revenue | US$1.75 billion (2014)[1] |
| US$103.6 million (2014)[1] | |
| US$63 million (2014)[1] | |
Number of employees | 13,000 |
| Website | thefreshmarket.com |
The Fresh Market is an American upscale chain of gourmet supermarkets based in Greensboro, North Carolina.[2]
History
The Fresh Market was founded by Ray and Beverly Berry on March 5, 1982 in Greensboro, North Carolina. The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets.[4] The company operates 178 stores in 27 states,[5] located in the Southeast, Midwest, Mid-Atlantic and Northeast, with plans for continued expansion throughout the country. Their first store in the West opened in October 2012 in Roseville, California. However, in March 2014, the company announced that it was closing all three of its Sacramento area stores including its Roseville store.[6]
In 2012, longtime family-owned Houston grocer Rice Epicurean Markets closed all but one of its five stores to make way for The Fresh Market, the Greensboro, N.C.-based specialty food chain announced (November 14, 2012). Fresh Market will remodel each location and plans to open the four stores in the latter half of next year.[7]
After increasing the price of its initial public offering from $18–20 to $22, Fresh Market raised $290 million, and on November 5, 2010, began trading on Nasdaq using the symbol TFM.[8]
Apollo Global Management, LLC (APO), a leading global alternative investment manager, acquired the stock of The Fresh Market, Inc. (TFM) ("The Fresh Market") as of April 27, 2016. As a result, The Fresh Market became a privately-held company and The Fresh Market's common stock ceased trading on the NASDAQ.[citation needed]
Dairy
In addition to organic milk, The Fresh Market sells grass-fed milk that is homogenized and is pasteurized to kill harmful bacteria while preserving vitamins and helpful enzymes. Meat and dairy products from grass-fed animals can produce 300-500% more conjugated linoleic acid (CLA) than those of cattle fed the usual diet of 50% hay and silage, and 50% grain.[9]
Locations
Fresh Market operates stores in these US states:[10]
- Alabama - 7
- Arkansas - 2
- Connecticut - 3
- Delaware - 1
- Florida - 44
- Georgia - 15
- Illinois - 9
- Indiana - 5
- Kentucky - 3
- Louisiana - 5
- Maryland - 4
- Massachusetts - 1
- Mississippi - 1
- New Hampshire - 1
- New Jersey - 3
- New York - 5
- North Carolina - 22 & current headquarters
- Ohio - 5
- Oklahoma - 1
- Pennsylvania - 5
- South Carolina - 8
- Tennessee - 9
- Virginia - 16
- Wisconsin - 2
References
- ^ a b c http://www.nasdaq.com/symbol/tfm/financials?query=income-statement
- ^ "Contact Us." Fresh Market. Retrieved on July 13, 2010. "Mail: 628 Green Valley Road Suite 500 Greensboro, NC 27408-7041"
- ^ Nickle, Ashley (2016-10-19). "The Fresh Market introduces new logo". The Packer. Retrieved 2017-04-05.
- ^ http://www.freshmarket.com/Company/history.html
- ^ http://www.thefreshmarket.com/about.html
- ^ http://www.sacbee.com/2014/03/06/6216274/fresh-market-closing-all-3-sacramento.html
- ^ Kaplan, David. "Rice Epicurean to close four stores to make way for The Fresh Market." Houston Chronicle. November 14, 2012. Retrieved on November 15, 2012.
- ^ "Report: Fresh Market raises $290 million at IPO". News & Record. 2010-11-05. Retrieved 2010-11-05.
- ^ Dhiman, T. R. (2001). "Role of diet on conjugated linoleic acid content of milk and meat". Journal of Animal Science. 79.
- ^ http://www.thefreshmarket.com/all-stores
