Amazon is as soon as once more on the prowl for shops owned by bankrupt grocer Fairway Market, The Publish has realized.
After forking over $1.5 million for 2 of Fairway’s grocery shops in March, the net purchasing large has been kicking the tires at different Fairway areas, together with within the Douglaston neighborhood of Queens; within the Lengthy Island city of Westbury and in Harlem, sources advised The Publish.
“Amazon is sniffing round however no one is aware of what their intentions are or what they're doing with the shops they purchased,” an proprietor of an obtainable Fairway retailer advised The Publish.
As The Publish has beforehand reported, solely seven of Fairway’s 14 shops have been bought on the March chapter public sale, together with two that went to Amazon — in Woodland Park, NJ, and in Paramus, NJ. The Paramus location will probably be closing for good on Friday.
“Now we have maintained operations in Paramus following the sale of this location,” Fairway’s chief govt, Abel Porter mentioned in an announcement final week. “The closing of the shop will enable us to redeploy our restricted assets for the remaining seven areas the place we proceed operations through the court-supervised public sale course of.”
The Seattle-based retailer has not divulged its plans for the New Jersey shops besides to say that they are going to be supermarkets.
In the meantime, Village Grocery store, which purchased 4 of Fairway’s Manhattan shops on the March public sale, together with its flagship retailer on the Higher West Aspect, in addition to a retailer in Pelham, Westchester, took over these shops final week.
Village Grocery store, which operates Shoprite shops, paid $76 million for the shops and the enduring Fairway Market model.
Amazon didn't instantly reply for remark for this story.
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