The Fresh Market Celebrates 40 Years Amid IPO Withdrawal
North Carolina-based retailer, The Fresh Market, requested that the Securities and Exchange Commission (SEC) withdraw its registration statements and amendments for an IPO. The withdrawal comes two months after Cencosud, a leading retail group based in Las Condes, Chile, purchased 67% of The Fresh Market in a deal valued at $676 million – marking Cencosud’s first venture in the United States. On July 16th, 2021, The Fresh Market submitted an S-1 registration statement for an IPO, following a draft IPO registration statement initially filed on March 12th, 2021. The IPO retraction also comes amidst The Fresh Market’s 40th anniversary celebrations.
The celebrations kicked off on July 1st with a collection of limited-edition products, including two anniversary-themed chocolate bars. While supplies last, shoppers have the chance to win a $40 TFM gift card if their chocolate bar package has a golden ticket inside. In a statement from CEO Jason Potter, “Our team has curated these one-of-a-kind commemorative products and offers that not only embody the origins of our brand, but more importantly, we know guests will really enjoy.”
Founded in 1982, the premium specialty grocer currently operates 160 stores across 22 states.