News spread earlier this year that staple NYC grocery store chain Fairway was filing for Chapter 11 bankruptcy, and many New Yorkers wondered if their neighborhood market would soon be shuttering.
In the press release of the announcement back in January, they said that no service interruptions were expected. Still, multiple closing announcements have rocked the city this week.
For background, the company entered an agreement to sell its five Manhattan locations and a distribution center to Village Super Market, which owns ShopRite and Gourmet Garage. The CEO of Village Super Market had shared, however, that they were “committed to keeping Fairway, including its name, unique product selection and value, a part of this community.”
Fairway Market has an additional nine stores, which they said they would be selling separately in a Court-supervised process.
Pix 11 reported that a “Store Closing” sign was first placed on Fairway’s Harlem location—at 2328 12th Ave—this Sunday, June 28. Workers informed them that the closing was due to a rent dispute between the landlord and the new parent company, ShopRite. It’s predicted to close at the end of June, and special closing sales likely to begin this Friday, July 3, according to Crain’s.
At the same time, Fairway’s Red Hook, Brooklyn location—at 480-500 Van Brunt St, Brooklyn—is also reportedly closing by July 17, along with two other locations on Long Island. Bklyner reported the news, citing the supermarket’s new filings with the Labor Department.
Fairway has been a mainstay in NYC for over 50 years. It was originally a family-owned business, started by Perry and Nick Sumas in 1937, but was purchased by an investment group in 2007, and then went public in 2013.
featured image source: Shutterstock