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Fairway IPO Announced Today, Could Be Higher Than Whole Foods'

Fairway IPO Announced Today, Could Be Higher Than Whole Foods'
Tejal Rao

Fairway Market will go public today and could soon be worth more than fancy-food competitor Whole Foods. Bloomberg reports that the supermarket chain's IPO is scheduled to be $453.6 million. The company, which currently has 12 stores throughout the East Coast and aims to expand to more than 300 shops throughout the country, raked in $554.9 million in sales last year--which is a whole lot of groceries. The market's financial success comes on the heels of its triumphant reopening in Red Hook following the flooding and destruction of Hurricane Sandy. [Bloomberg]

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Fairway

2127 Broadway
New York, NY 10023

212-595-1888

www.fairwaymarket.com


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