Laurence B. Appel
CEO & President
Chief Financial Officer
Jeffrey C. Ackerman
Executive Vice President
Fresh Market was founded in the year 1982. The company has been operational for almost 37 years now. The founders of the company were Beverly Berry and Ray Berry. The main idea behind starting the company was to develop a type of grocery store that is not only better but also brings back the feeling of the open end European style markets as well. The company wanted to sell various kinds of gourmet foods and not just the usual potatoes and rice. The first store of the company that was opened in the western part of the USA was in the year 2012. Then in the year 2014, the company had announced that it would be closing down almost three of its stores located in the Sacramento area of the USA, which also includes the Roseville store as well.
Then in the year 2012, the company had acquired almost four stores from Rice Epicurean Markets, and later also remodelled the stores as well. In the year 2016, the stores located in these areas were also closed down as well. The same year, the company had also shut down its stores in Iowa, Texas, Missouri and even Kansas, along with other nine locations too. The company had become a limited public entity in the year 2010 when the company had filed its first IPO or Initial Public Offering as well. The IPO had helped the company raise almost $290 million from the public. As of the year 2016, the stock of the company was acquired by Apollo Global Management - which was a leading alternative investment manager on a global scale. Therefore, the status of the company was changed from public to private again, and consequently, the stocks and shares of the company stopped selling on the NASDAQ platform. The headquarters of the company is based in 628 Green Valley Road, Suite 500. The name of the place is Greensboro, while the name of the state is North Carolina, USA. The pin code of the area is 27408.
Fresh Market is an American company that helps in providing various kinds of grocery items via its gourmet supermarket stores - selling to all of its customers. The company currently has more than 187 stores located in over 27 states in the USA. The current CEO of the company is Larry Appel. As of the year 2014, the overall revenue generated by the company is more than $1.7 billion. Also, the number of employees currently working at the company is more than 13,000.
The primary services provided by the company include allowing customers to have a retail presence in order to purchase various kinds of gourmet foods from the supermarkets established by the company itself. The company sells organic as well as milk that is obtained from grass-fed cattle. The milk is both homogenized and pasteurized as well, which helps in killing harmful germs and bacteria, while still preserving the vitamins and enzymes. The meat sold by the company is also obtained from cattle that are grass-fed too. The diet of the animals contains mainly 50 per cent of silage and hay, along with 50 per cent being grains.
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