Amazon seeking to purchase 4 Fairway locations after grocery’s bankruptcy filing

Company hopes to buy stores in New York and New Jersey

New York /
Mar.March 23, 2020 11:34 AM
 Amazon CEO Jeff Bezos in front of Fairway Market in Brooklyn (Credit: MANDEL NGAN/AFP via Getty Images; Jules Antonio via Flickr)


Amazon CEO Jeff Bezos in front of Fairway Market in Brooklyn (Credit: MANDEL NGAN/AFP via Getty Images; Jules Antonio via Flickr)

Amazon is looking to buy four Fairway Market stores in New York and New Jersey, two months after the grocery chain filed for bankruptcy.

The e-commerce giant is focused on acquiring one store in Pelham, New York, one in Brooklyn and two in New Jersey, according to the New York Post. Although there has been speculation that Amazon would use them as distribution centers, its specific plans for the sites are still unknown.

Fairway filed for Ch. 11 bankruptcy in late January, but Amazon has not expressed interest in buying the entire chain or its brand name.

Amazon bought the upscale grocery store chain Whole Foods in 2017 for $13.4 billion. It also recently launched a cashierless grocery store in Capitol Hill and is developing a grocery store in Woodland Hills, California. [NYP] – Eddie Small


Related Articles

arrow_forward_ios
AMC Theater CEO Adam Aron (Getty; iStock/Photo Illustration by Kevin Rebong)
Stream this: Cinema chain AMC secures $900M in financing
Stream this: Cinema chain AMC secures $900M in financing
Brix Holdings CEO Craig Erlich (Photo via Brix; Getty)
Friendly’s saved from bankruptcy, preserving 130 locations
Friendly’s saved from bankruptcy, preserving 130 locations
Quarters CEO Rui Barros (Linkedin)
Quarters, the “WeWork of co-living,” files for bankruptcy
Quarters, the “WeWork of co-living,” files for bankruptcy
RXR CEO Scott Rechler with 56-19 Grand Avenue, Queens (Getty, RXR)
These were the top outer-borough loans in December
These were the top outer-borough loans in December
Amazon CEO Jeff Bezos (Getty; iStock)
Amazon to put $2B into affordable housing
Amazon to put $2B into affordable housing
203 Sheridan Road in Winnetka and 3507 West 51st Street on the Southwest Side (Redfin, 42 Floors, iStock)
From industrial windfalls to office market freefalls: Chicago’s biggest real estate stories of 2020
From industrial windfalls to office market freefalls: Chicago’s biggest real estate stories of 2020
Emerald Equity Group's Isaac Kassirer and231 East 117th Street (Google Maps)
Some of Isaac Kassirer’s Harlem buildings head to bankruptcy
Some of Isaac Kassirer’s Harlem buildings head to bankruptcy
AMC Entertainment Holdings CEO Adam Aron (Getty)
AMC needs $750M to avoid bankruptcy
AMC needs $750M to avoid bankruptcy
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...