The story
The Fresh Market was founded by Ray and Beverly Berry on March 5, 1982, in Greensboro, North Carolina. The first store was opened in the former Bi-Rite store at the corner of Lawndale Dr. and Pisgah Church Rd. The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets.
Their first store in the West opened in October 2012 in Roseville, California. However, in March 2014, the company announced that it was closing all three of its Sacramento area stores including its Roseville store.
In 2012, Fresh Market acquired and remodeled four locations of longtime family-owned Houston grocer Rice Epicurean Markets.
These locations were subsequently closed in May 2016 when Fresh Market shuttered its 13 locations in Texas, Iowa, Missouri, and Kansas.
After increasing the price of its initial public offering from $18–20 to $22, Fresh Market raised $290 million, and on November 5, 2010, began trading on Nasdaq using the symbol TFM.
Apollo Global Management acquired the stock of The Fresh Market on April 27, 2016. The Fresh Market then became a privately held company and its stock was delisted on NASDAQ.
In March 2022, Fresh Market filed an updated prospectus for a new initial public offering, signaling the companies intent to return to becoming a public company.
In May 2022, the Chilean retail company Cencosud acquired a 67% stake in Fresh Market. On August 30, 2025, Cencosud announced that it had acquired the remaining 33% stake from Apollo, becoming the sole owner of the company.
From Wikipedia’s article on The Fresh Market, shared under CC BY-SA 4.0.5