Fairway Market is a specialty market with four locations in Manhattan. Founded in 1933, Fairway Market is most known for its fine foods, including coffee, cheese, and olives.
It also offers NYC’s largest variety of organic foods. The supermarket has a “Gotta Have It Way” program, where customers can request products to be brought into the store.
It is currently one of the store banners owned by the Wakefern Food Corporation, a company famous for its flagship supermarket cooperative network, ShopRite.
Sterling Investment Partners, a private equity firm in Westport, Connecticut, bought a controlling stake in Fairway Market in January 2007 and committed to substantially expanding the chain in the Greater New York area.
Sterling made a $150 million capital investment in Fairway and enabled the enterprise to grow rapidly. In 2011, the chain had revenues of $550 million. It was spun off in an IPO on April 17, 2013, trading under its parent, Fairway Group Holdings Corp., on the NASDAQ under the ticker symbol “FWM”.
