Fairway Farewell?

February 10, 2016
Posted by Jay Livingston

Update: Three months ago, I blogged (here) about Fairway, a New York food market. Things had not been going well for Fairway since its buyout by a private equity firm, and especially since the IPO in 2013. “That’s private equity for you,” said one of their former managers.

Now Fairway is looking at bankruptcy. The New York Post reports that Fairway has lost over $300 million in the last five years. The Wall Street Journal  says, “Fairway—a high-end chain with 15 stores in New York, New Jersey and Connecticut—said that there is substantial doubt about its ability to continue as a going concern.”