Mrs. Green's Natural Market announced plans for major expansion last month, as the organic and natural food chain intends to open at least 20 new stores this year in the Northeast, Midwest and Canada. The growth plans are dramatic, considering the company opened its 19th store last month (in West Windsor, NJ). Store number 20 is expected to open next week in New Canaan, CT.
According to the company, Mrs. Green's Natural Market provides customers "with safe, healthy food options that will help them to take care of their health, while also taking care of our planet."
The stores also carry Fair Trade coffee, fresh-baked artisan breads, and locally sourced food and beverages.
Mrs. Green's goal is to reach 100 stores over the next few years. The company is a subsidiary of Irvington, NY-based Natural Markets Food Group, a privately owned business that includes retail food stores and restaurants.
Showing posts with label Mrs. Green's. Show all posts
Showing posts with label Mrs. Green's. Show all posts
Tuesday, April 8, 2014
Thursday, June 16, 2011
Update: Judge approves sale of most Maryland Super Fresh stores
I've blogged a couple times about the sale of 12 Super Fresh stores in Maryland and the issues some landlords have with the sale (June 10 - More hurdles in the sale of Mid-Atlantic Super Fresh stores; May 31 - Landlord objects to Super Fresh sale to Green's Natural Market).
On Tuesday, the judge in A&P's bankruptcy case approved the sale of eight of the 12 stores, but delayed approval on four stores, three of which were bid on by Mrs. Green's Management Corp. and one by Village Super Markets. The judge said the delay was to give Regency Centers time to resolve its objection to the assignment of its lease in Parkville to Mrs. Green's.
All other objections were overruled.
On Tuesday, the judge in A&P's bankruptcy case approved the sale of eight of the 12 stores, but delayed approval on four stores, three of which were bid on by Mrs. Green's Management Corp. and one by Village Super Markets. The judge said the delay was to give Regency Centers time to resolve its objection to the assignment of its lease in Parkville to Mrs. Green's.
All other objections were overruled.
Friday, June 10, 2011
More hurdles in the sale of Mid-Atlantic Super Fresh stores
Ten days ago I wrote about one landlord's objection to A&P's sale of a Super Fresh store to Mrs. Green's Natural Market on the basis that it could not be sure the new tenant could meet the obligations of the lease. Since that time, more objections have been filed.
Another landlord has filed a similar objection regarding Mrs. Green's and the existing lease obligations, and a third landlord's objection states that A&P was responsible for property improvements.
Not surprisingly, unions have their concerns as well. One union that represents employees at some of the stores has argued that the sale of the 12 stores shouldn't be allowed until it makes sure its succession rights are preserved. Another union is objecting to a footnote it says can be interpreted to mean A&P can reject the contract if an agreement with the new operator isn't reached.
The CEO for Natural Market Restaurants, the Toronto-based retail group that includes Mrs. Green's Management Co., said yesterday the company's first priority is to meet with unions and landlords. In response to concerns about the financial stability of his company, he said cash flow has grown 58% in the past 12 months.
* Sources include Supermarket News.
Another landlord has filed a similar objection regarding Mrs. Green's and the existing lease obligations, and a third landlord's objection states that A&P was responsible for property improvements.
Not surprisingly, unions have their concerns as well. One union that represents employees at some of the stores has argued that the sale of the 12 stores shouldn't be allowed until it makes sure its succession rights are preserved. Another union is objecting to a footnote it says can be interpreted to mean A&P can reject the contract if an agreement with the new operator isn't reached.
The CEO for Natural Market Restaurants, the Toronto-based retail group that includes Mrs. Green's Management Co., said yesterday the company's first priority is to meet with unions and landlords. In response to concerns about the financial stability of his company, he said cash flow has grown 58% in the past 12 months.
* Sources include Supermarket News.
Tuesday, May 31, 2011
Landlord Objects to Super Fresh Sale to Green’s Natural Market
In the article below, Supermarket News reports on a landlord's objection to the sale of and by its tenant, Superfresh, to Mrs. Green's Natural Market. The landlord, Apex Management, says its lease with Superfresh states that successor tenants must demonstrate a financial condition similar to the original tenant at the time the original lease is signed. According to Apex, the financial condition of Mrs. Green's and it's parent company, Planet Organic, are not even close to being similar to Superfresh's (A&P's) financial condition in 1962, when the supermarket had the 2011 equivalent of $37 billion in annual sales.
Stay tuned...
Thursday, May 26, 2011
Superfresh to close 13 Baltimore area stores, 12 others bought in auction
According to a press release issued by A&P, 12 of the 25 Baltimore-area Superfresh stores put up for sale at auction have sold, and 13 will be shut down in July because the company could not find anyone to buy the properties.
Mrs. Green's Management Corp. and Village Supermarkets have agreed to buy 10 of the stores in a joint venture. Two of the stores will be operated by Village Supermarkets, with the remaining stores to be operated by Mrs. Greens. Other sources have reported that the two stores to be operated by Village Supermarkets, a member of the Wakefern cooperative, will be branded as ShopRite. (Additional sources have incorrectly identified ShopRite as the buyer of the 10 stores.)
Winning bidders for the other two stores to be sold were Supervalu (Shoppers Food & Pharmacy) and Englar Center Limited Partnership, which is the landlord for the store it plans to purchase.
All sales and store closures require the approval of a bankruptcy court.
Mrs. Green's Management Corp. and Village Supermarkets have agreed to buy 10 of the stores in a joint venture. Two of the stores will be operated by Village Supermarkets, with the remaining stores to be operated by Mrs. Greens. Other sources have reported that the two stores to be operated by Village Supermarkets, a member of the Wakefern cooperative, will be branded as ShopRite. (Additional sources have incorrectly identified ShopRite as the buyer of the 10 stores.)
Winning bidders for the other two stores to be sold were Supervalu (Shoppers Food & Pharmacy) and Englar Center Limited Partnership, which is the landlord for the store it plans to purchase.
All sales and store closures require the approval of a bankruptcy court.
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