Cencosud to Acquire Majority Stake in The Fresh Market Holdings from Apollo Funds

May 11, 2022 The Fresh Market, Inc.

The Fresh Market Holdings, Inc., a premium specialty retailer competing in the food retail industry in the US, today announced that leading South American retailer Cencosud has entered a definitive agreement with funds managed by Apollo to acquire a 67% stake in The Fresh Market. Existing Company shareholders, including the Apollo Funds, the Berry family, and Company management, will retain a minority equity interest in The Fresh Market.