Fairway Group Holdings Corp
Fairway Group Holdings is a food retailer offering customers a differentiated one-stop shopping experience "Like No Other Market". Since beginning as a small neighborhood market in the 1930s, Fairway has established itself as a premier food retailing destination in the Greater New York City metropolitan area. The stores emphasize a selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. The combination of the broad product selection, in-store experience and value pricing creates a premier food shopping experience that appeals to a broad demographic.
Sterling partnered with management to help them execute their strategy to build the premiere specialty food retailer in the New York City metro market through initiatives which included: accelerating new store development, and investing in and significantly enhancing management and operating systems. From 2006 through 2013 Fairway’s store count grew from three to twelve and the company’s revenues and adjusted EBITDA grew consecutively through that period. In April 2013, Fairway completed a $204 million IPO. Beginning in 2014, the company began to be impacted by competitive store openings and other industry pressures, which resulted in a pre-agreed restructuring of the Company’s debt through a voluntary pre-packaged Chapter 11 filing in May 2016, in cooperation with the Company’s lenders. Upon emerging from Chapter 11, control transferred to the lenders and the restructuring resulted in a substantially improved balance sheet, provided for full payment to trade creditors and resulted in no store closures or job losses.
Fairway Market - The Shining Star of the Food World - Comes to Passaic County
THRONGS OF SHOPPERS FLOCK TO THE NEW FAIRWAY MARKET IN DOUGLASTON, QUEENS ON OPENING DAY
FAIRWAY MARKET MOVES ON UP TO THE EAST SIDE!
Fairway Wines & Spirits Shop to Open in Stamford on December 15, 2010
Throngs of Shoppers Welcome Fairway Market to Pelham Manor
Fairway Market Feeds SpinOdyssey 2010!
Fairway Market Completes $114 Million Debt Financing
A Slow New York Passage, Up to Organic Food
Growing...Like No Other Market — an Interview with Howie and Dan Glickberg of Fairway
Fairway Market Awarded Consumer – Deal of the Year
Sterling Investment Partners' Acquisition of Fairway Market
Sterling Seals the Deal With Fairway Market
USO OF METROPOLITIAN NEW YORK TEAMS UP WITH FAIRWAY MARKET TO ‘PUT
ON A SHOW’ FOR 75 MEMBERS OF THE COAST GUARD, OTHER MILITARY ON
JUNE 13, 2007
FAIRWAY MARKET PARTNERS WITH THE USO OF METROPOLITIAN NEW YORK TO
BRING “TASTE OF NEW YORK” TO SOLDIERS IN IRAQ AND AFGHANISTAN
Sterling Buys Fairway Market — The Deal
Sterling Investment Partners Acquire a Majority Equity Stake in Fairway Market
Fairway Market Joins with Sterling Investment Partners to Expand Renowned
Grocery Experience throughout Region