Cencosud has acquired the remaining 33% of The Fresh Market, achieving full ownership and reinforcing its U.S. market presence for $295 million.

Target Information

Cencosud is pleased to announce its acquisition of the remaining 33% stake in The Fresh Market Holdings, Inc. ("TFM") from AP VIII Pomegranate Holdings, L.P. ("Apollo"), granting Cencosud complete control over 100% of TFM. This acquisition aligns with Cencosud's strategic goal to fortify its presence in the United States market. The transaction is valued at $295 million, a figure that underscores the robust partnership and operational capabilities of Cencosud.

The Fresh Market, headquartered in North Carolina, operates 172 stores across the United States. The chain has garnered a remarkable reputation, being named the "Best Supermarket in the United States" by USA Today for four consecutive years. With this acquisition, Cencosud aims to leverage The Fresh Market's strong brand recognition and operational expertise to enhance its overall market position.

Industry Overview

The supermarket industry in the United States is characterized by a high level of competition and significant growth potential. The sector has experienced a shift in consumer preferences towards fresh and or