Sprouts Farmers Market acquires stores in California
Sprouts Farmers Market acquires stores in California
Sprouts Farmers Market Inc. has acquired two independently owned stores in Chula Vista, CA, operating under the Sprouts Farmers Market name pursuant to a legacy trademark license arrangement.
Acquiring these stores will allow complete control of the Sprouts brand and open further expansion possibilities in Southern California.
Sprouts licensed the Sprouts Farmers Market trademark to a third-party operator many years ago in a one-of-a-kind operating structure. No other licensed Sprouts stores exist.
“We are pleased to bring these two high-volume stores into the Sprouts fold, allowing us to serve more customers in the San Diego market,” said Chip Molloy, chief financial officer of Sprouts Farmers Market.