South American retailer Cencosud buys majority stake in Apollo-backed Fresh Market Holdings


The Fresh Market Holdings said Wednesday that South American retailer Cencosud agreed to invest $676 million for a 67% ownership position in the Greensboro, N.C.-based, 160-store supermarket chain in 22 states. The Berry family, management and Apollo Global Management Inc. APO, +2.95% will retain a minority position in Fresh Market, which generated $1.93 billion in revenue in 2021. Shares of Apollo rose 3.2%, compared to a loss of 0.1% by the S&P 500 SPX, -0.63%.

This article was originally published by Read the original article here.

Previous articleDeep Dive: 8 oil stocks that are still bargains for long-term investors
Next articleCoronavirus Update: WHO leader’s criticism of China’s COVID approach is censored


Please enter your comment!
Please enter your name here