NEW YORK — Specialty grocery chain Fairway Market here may be seeking to raise money through a public stock offering, Rueters reported, citing anonymous sources.
Fairway is owned by the founding Glickberg family and by Sterling Investment Partners, a Westport, Conn.-based private equity firm. The report said Fairway was in the early stages of selecting banks to lead a potential initial public offering.
Fairway operates nine stores in the New York metro area. The chain has added five stores in the past five years, following the 2007 investment by Sterling.