Fresh Market Looking for Public Investment

The Fresh Market, a Greensboro, N.C.-based grocer, which specializes in fresh foods and European-style merchandising, has revealed that it's opening the door to outside investors. The retailer is working with global investment firm Goldman Sachs in its endeavor.

The Fresh Market, founded in 1982, is privately held by the Berry family. Today it has 78 locations in 19 states, primarily in the Southeast, Midwest, and Mid-Atlantic.

"The Fresh Market has grown deliberately over the past 25 years from a small, family-centric company into a thriving, professional and self-sustaining organization," the company said in statement. "We continue to post record-breaking results and to sustain an aggressive growth plan in a competitive market due to our distinctive business model and to our employees' unwavering commitment to our customers.

"Throughout the years, we have been approached by many outside investors who have expressed interest in The Fresh Market," the statement continued. "Because of our strong history, current success, and ongoing plans for growing the company, we are in a unique and ideal position right now to consider offers for outside investment."

The exploratory process will take several months, according to the statement.
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