Kroger looking to acquire Fresh Market
Kroger looking to acquire Fresh Market
In November Cincinnati-based Kroger reached a deal to purchase all outstanding shares of Milwaukee-based retailer Roundy’s in a merger deal valued at $800 million. Now the company is looking to acquire Fresh Market, which currently operates 183 stores in 27 states.
According to a Reuters report, Kroger is in the second round of an auction process for Fresh Market. The report, citing people familiar with the situation, said there is a chance Fresh Market will not agree to sell to any party, and even if it does Kroger is not guaranteed to win the auction.
In October the Fresh Market said it was conducting a strategic and financial review of its business that could result in a sale of the company, value-enhancing initiatives as a standalone company or capital structure optimization. Fresh Market also noted there could be no assurance the review would result in any specific action.