Tony’s Fresh Market acquired by Apollo Global Management
April 20, 2022
Tony’s Fresh Market, which was founded in 1979 by Italian immigrants Tony Ingraffia and Domenico Gambino, has been acquired by funds affiliated with Apollo Global Management. “It just felt like we needed and wanted a partner that can help us get to the next level,” said Frank Ingraffia, CEO of Tony’s. “We think we have a good thing going here, and we’ve done well over the course of 43 years, but when you bring on a partner like Apollo it kind of takes you to the next level.”
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.