. "First time I shopped at Valli in Evanston today. Terms of the deal were not disclosed. A large selection of fresh produce, extensive multicultural offerings and a wide range of prepared foods gives Tony's a differentiated position in the market. 5 things: Do you know about the Aldi Aisle of Shame? Phone: 720-377-3680 Fax: 720-377-3687. [15], In 2017 the company's name The Fresh Market was trademarked by the U.S. Patent and Trademark Office. Ingraffia said he sees no potential tie-up with Jewel. Trio of executive entrepreneurs plan for 15-store expansion, Progressive Grocer celebrates forward-thinking indies in annual award program, This year's group of outstanding operators are on Progressive Grocer's radar for their way of innovating, differentiating and finding new approaches to serve their communities. Enter the email address you signed up with and we'll email you a reset link. The data showed that the sunshine state had exported a whopping $108.9 billion of product in the year up to May 2022, growing by $51.7 billion. Reiss praised Tonys assortment of healthful, affordable and culturally relevant foods, as well as its donations to local food banks, and said Apollo was focused on tackling issues of access to quality foods in underserved communities. Along with this, he also requested to be prosecuted for knowingly purchasing an illegally manufactured product, although the prosecutors declined to do so. Related: Smart & Final to be acquired by Bodega Latina for $620 million. Tony's Seafood traces its roots back to 1959 when Donaldsonville, LA native Tony Pizzolato opened a small retail and wholesale produce business in the city of Baton Rouge. According to ABS, Japan was Queensland's largest . BMO Capital Markets also advised, and Kirkland & Ellis LLP served as legal adviser to Cardenas and KKR. The unpaid principle on the capital loan was scheduled to come due in October 2022. Fresh, flavorful and healthy recipes made for real, actual, everyday life. New York-based KKR acquired Cardenas Markets from the Cardenas family in 2016. 403 39th St Ogden, UT 84403 Uber. MORE PHOTOS. Tony's was founded in 1979 by Tony Ingraffia and Domenico Gambino, two Italian immigrants with big dreams and an unprecedented work ethic. Let Grocery Dive's free newsletter keep you informed, straight from your inbox. O'Brien's hopes of remaining in control of Digicel with it remaining a highly-leveraged company ultimately ran out of road. Although food retailers got a major sales boost from the pandemic, they still face considerable competition from larger chains and pressure to invest more in digital operations. Stout Capital, LLC acted as financial advisor and McDermott Will & Emery LLP acted as legal counsel to Tonys Fresh Market. As ofDecember 31, 2021, Apollo had approximately$498 billionassets under management. The transaction is expected to close by mid-July. Valli featured on The Rachael Ray Show! ons! Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) 822-0540IR@apollo.com, Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491Communications@apollo.com. Frank Ingraffia, a member of the founding family and Tonys CEO, said that the move came at the a good time for the independent grocer. Tony's, which carries an assortment that includes fresh produce, multicultural items and prepared foods, operates 18 stores in the Chicago area and plans to open several additional locations. Menu Pizza. Shares of UBER stock opened at $33.69 on Friday. That mortgage represented two loans, one of them a capital loan of $37.8 million. With our investment in Tonys, we are proud to support a high-performing company that is increasing access to quality, affordable groceries in a broad swath of neighborhoods, as well as donating to local food banks to fight hunger. Chicago-based specialty grocery chain Tony's Fresh Market has been acquired by Apollo Funds, a collection of funds managed by affiliates of private equity firm Apollo Global Management, according to a Wednesday press release. Tonys Fresh Market, a specialty grocery chain with 18 locations in the Chicago area, is being purchased by funds managed by affiliates of Apollo Global Management. View All . " You . Apollo said in the announcement that the company's founders will retain shares in the company and hold management positions, but did not provide details. Based in Fontana, Calif., Rio Ranch operates six supermarkets in San Bernardino, Riverside, Chino, Perris, Banning and Fontana as well as a warehouse in San Bernardino. Together, Cardenas and Tonys generate revenue of about $1.8 billion from 78 stores in three Western states and the Chicago area, enabling them to benefit from greater scale and complementary capabilities in a larger operating footprint, Apollo noted. Our customers and our employees are the livelihood of this organization and without the support of our customers and the hard work and dedication of our employees, we would not be where we are today. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Apollo Funds. Plans call for Cardenas and Tonys to continue to operate under their current brands and local leadership. These flavors rotate every six months. Tony's Charitable Foundation gives back to those families through charitable donations. PRODUCTS. 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The company bought a $1.75 billion stake in Albertsons in 2020 and also made a significant investments in Sprouts Farmers Markets. March 1, 2023. Centennial, CO 80111. FRESH NEWS. From new delivery services to technology designed to battle food waste, fresh foods and the ways grocers sell them are rapidly evolving.