Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Source: apnews.com
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Cardenas to merge with Tony's Fresh Market in Apollo acquisition
Hispanic and specialty grocers to form leading multi-ethnic food retailer
Source: supermarketnews.com
Cardenas acquisition to reshape market
Cardenas Markets, a leading grocery retailer focused on serving the Hispanic community, has been acquired by Apollo Global Management. Upon completion of the transaction, Apollo will combine Tony’s Fresh Market, a Chicago-based portfolio company, with Cardenas Markets, which operates across California, Nevada and Arizona, to create a leading Hispanic- and ethnic-focused grocer. Both companies will continue to operate under their respective brands and local leadership, while benefiting from greater scale, complementary capabilities and an expanded operating footprint.
Source: theproducenews.com
Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the ...
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have agreed to acquire Cardenas Markets (“Cardenas”), a
Source: kentuckytoday.com
Tony's Fresh Market acquired by New York-based investment firm
Tony’s Fresh Market, a specialty grocery chain, is being purchased by funds managed by affiliates of Apollo Global Management.
Source: freshfruitportal.com