Apollo Funds adding Cardenas Markets to its specialty grocer portfolio
June 15, 2022
Apollo Funds has reached a deal with KKR to acquire Cardenas Market, a grocery chain serving Hispanic consumers. Apollo plans to add Cardenas to a portfolio that includes Tony’s Fresh Market, a specialty grocer in Chicago. Both companies will continue to operate under their own banners and management. Cardenas CEO Doug Sanders will become CEO of the combined company.
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