And Cardenas store count already is slated to grow even before the Tonys combination. From new delivery services to technology designed to battle food waste, fresh foods and the ways grocers sell them are rapidly evolving. $17 - $20 an hour. BMO Capital Markets also advised, and Kirkland & Ellis LLP served as legal adviser to Cardenas and KKR. Cardenas and Tonys have robust positions in the ethnic grocer space and together can leverage best practices across their complementary go-to-market strategies, merchandising, customer loyalty programs and more. Tony's Fresh Market ("Tony's") is a family-owned and operated grocery chain in the Chicagoland area. Tony's Chocolonely is a Dutch confectionery company founded in 2005, which produces and sells chocolate. Tony's Fresh Market acquired by New York-based Apollo Global Management Apollo Global Management, Inc. It just felt like we needed and wanted a partner that can help us get to the next level, said Frank Ingraffia, the CEO of Tonys and Tony Ingraffias son. Tonys Fresh Market (Tonys) is a family-owned and operated grocery chain in the Chicagoland area. I first met Doug nearly 17 years ago, when he was with Sprouts, which was at that time a small, growing specialty grocer with just a few stores in Phoenix, Moses said. We've been delivering a fresh take on grocery shopping for more than 35 years. 45. Apollo Funds Acquire Tony's Fresh Market, a Leading Sign In to access digital coupons or Tony's plays an important role in the local economy . Stout Capital, LLC acted as financial advisor and McDermott Will & Emery LLP acted as legal counsel to Tonys Fresh Market. Together, Cardenas and Tonys will create a supermarket retailer with annual sales of approximately $1.8 billion from 78 stores in three Western states and the Chicago area. Tonys Fresh Market (@TonysFreshMkt) / Twitter Scott Pilgrim vs. the World (2010) Edgar Wright's energetic adaptation of Bryan Lee O'Malley's hit indie comic book has its detractors. The company bought a $1.75 billion stake in Albertsons in 2020 and also made a significant investments in Sprouts Farmers Markets. The parties declined to comment on financial details of the transaction. RBHS girls wrestlers make strides at state finals, Nazareth diver leaps to all-state 7th at IHSA finals, LTHS poms shine at Illinois Drill Team state finals, Whitney Young again proves LTHS girls nemesis, Proudly powered by Newspack by Automattic. Tony's Fresh Market, a specialty grocery chain with 18 locations in the Chicago area, is being purchased by funds managed by affiliates of Apollo Global . Albertsons owns grocery chains including Safeway and Jewel-Osco. Other recent deals involving regional grocers include the acquisition by Raley's of Arizona chain Bashas' and the merger of Northeastern grocers Price Chopper/Market 32 and Tops Markets, both of which occurred last year. [4] The product quickly became a success, with Van de Keuken selling 20,000 bars in two days. Semirara income hits fresh record | Lenie Lectura Al Gore's 'eco-friendly' investment firm owns shares in polluting [2], In 2002, after discovering that almost all of the chocolate produced at the time had links to slave labor, Dutch television producer and journalist Teun van de Keuken began producing programs about abuses within the cocoa industry on his show Keuringsdienst van Waarde. 23917. ", "Ben & Jerry's and TONY'S Chocolonley: Chocolately Love A-Fair", "Ben & Jerry's suppliers using child labor despite 'progressive' values", "Tony's Chocolonely tries to prove that ethical chocolate and sweet profits can co-exist", https://en.wikipedia.org/w/index.php?title=Tony%27s_Chocolonely&oldid=1142399058, Certified B Corporations in the Food & Beverage Industry, Articles with a promotional tone from June 2020, Articles needing additional references from July 2016, All articles needing additional references, Articles with multiple maintenance issues, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Seasonal items (including holiday bars and chocolate, This page was last edited on 2 March 2023, at 04:56. Tony's Fresh Market is a family owned and operated supermarket chain. Together, as two of the highest-quality Hispanic and ethnic grocers, we can deliver even greater value to the communities we serve, commented Sanders, who also serves as Cardenas chairman. Tony's Chocolonely - Wikipedia A large selection of fresh produce, extensive multicultural offerings and a wide range of prepared foods gives Tonys a differentiated position in the market. Apollo Global Management, Inc. NEW YORK and CHICAGO, April 20, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds managed by its affiliates (the Apollo Funds) have acquired Tonys Fresh Market (Tonys), a leading Chicago-based grocery retailer. Your first delivery order is free! The SN Retailer Survey results: These are your concerns for 2023. Live Seafood for Sale | Tony's Seafood & Deli in Baton Rouge Apollo representatives said customers can expect expansion, but declined to comment on the number of potential new stores or where they would be located. in March of The Save Mart Companies, which operates supermarkets under several banners in California and Nevada, to private equity firm Kingswood Capital Management. Tony's Fresh Market Weekly Ad - sales & flyers specials - MallsCenters To learn more about Tony's Charitable Foundation, our events, and ways to give back, please visit our. 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. Other recent deals involving regional grocers include the, by Raley's of Arizona chain Bashas' and the. Known for High-Quality, Fresh and Affordable Foods, Tony's Proudly Operates in Traditionally Underserved Communities Across ChicagolandNEW YORK and CHICAGO, April 20, 2022 (GLOBE NEWSWIRE . by Lenie Lectura. Tony's Fresh Market has been acquired by New York private-equity company Apollo Global Management. Apollo Global Management did not respond to an email from the Landmark about any potential consolidation of operations or about the North Riverside Park Plaza. 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. My family has been feeding our communities for generations and [is] incredibly excited to partner with Apollo to build upon that legacy of fresh and healthy food, at an affordable price and delivered with respect to the many cultures of our customers, noted Ingraffia. Tony's Fresh Market operates 19 specialty grocery stores in and around the Chicago area. [7] In the same year, the Dutch Media Authority (Comissariaat voor de Media) found that the excessive advertising Tony's Chocolonely received in seven episodes of Keuringsdienst van Waarde generated the company "more than normal profits", and fined the broadcaster of the show 20 thousand euros. Supermarket News is part of the Informa Connect Division of Informa PLC. 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. Tony's Market Heather ODonnell of the Chicago social services agency Thresholds says the money is an opportunity to really build up substance use care.. Visiting Tony's Market is a Combination Culinary and Cultural Adventure. Chicago-area specialty grocer Tonys Fresh Market has been acquired by affiliates of investment firm Apollo Global Management. The memorandum, a copy of which was obtained by the BusinessMirror, showed that All Asian Countertrade Inc. shall import 240,000 MT, while Edison Lee Marketing Corp. and S&D Sucden Philippines Inc . The family will remain involved both in management roles and as shareholders. While there were no confirmed instances of child labor within Tony's supply chain, their collaboration with another chocolate manufacturer, Barry Callebaut, resulted in Tony's removal from the list due to issues of child labor within Barry Callebaut's supply chain. Fresh Perimeter Expertise. New York-based KKR acquired Cardenas Markets from the Cardenas family in 2016. Uitspraak Rechtbank Amsterdam, 6 February 2007, Learn how and when to remove these template messages, Learn how and when to remove this template message, "Slave-free chocolate: a not-so-guilty pleasure", "Amai! 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. Podcast: Whats everyone talking about at NGA? Launched in 1979 by Italian immigrants Tony Ingraffia and Domenico Gambino, Tony's operates 19 specialty grocery stores across the Chicago market and neighboring communities in Illinois and. Get news highlights delivered directly to your e-mail inbox. [24] The company teamed up with Ben and Jerry's, only to end up embarrassed when their partner's suppliers were found to be employing illegal child labor months later. Whoops! By the end of 2018, in addition to its home country of The Netherlands, Tony's Chocolonely was also on sale in Belgium, Denmark, Finland, Germany, Sweden, and the United States. Over the years, Daniel has held multiple positions in the Markets including Dishwasher, Cook, Sausage-Maker, Store Director, Operations Director, Corporate Buyer, HR Director, and more. Get the free daily newsletter read by industry experts. Bet on it: There was a time when Woods was even money, but now the wager is if hell even make the cut. Tonys Fresh Market, the family-owned Chicago area grocery chain that arrived in North Riverside in 2008 before decamping to the Cermak Plaza in Berwyn a decade later, has been acquired by Apollo Global Management, a New York-based private equity fund. [3], After three years of unsuccessful attempts to change the industry through investigative efforts, Van de Keuken decided to start producing chocolate bars himself. The transaction is expected to be finalized by the third quarter, pending customary closing conditions, according to Apollo. These locations were subsequently closed in May 2016 when Fresh Market shuttered its 13 locations in Texas, Iowa, Missouri, and Kansas. Select a Tony's Fresh Market Location Below: Berwyn, IL Bolingbrook, IL Bridgeview, IL Burbank, IL Chicago, IL Countryside, IL Hanover Park, IL Melrose Park, IL Niles, IL Plainfield, IL Prospect Heights, IL Our History After returning from a trip to Europe, Ray Berry and his wife Beverly were inspired to bring the charm and essence of an open, European-style food market to America. Work and Employment Relations of European Multinational Grocery Please reload the page and try again. [18], In the United States, the available flavors of the chocolate bars are (in order of introduction):[19].