Henry's Farmers Market

Henry's Farmers Market (also known as Henry's Marketplace and Henry's) was a grocery retailer that operated in California. In 2011, it started becoming part of the Sprouts Farmers Market chain with a full acquisition taking place by early- to mid-2013.[1]

Henry's Farmers Market
GenreSupermarkets
Founded1943
DefunctFebruary 2011 via merger with Sprouts Farmers Market
SuccessorSprouts Farmers Market
Headquarters
Phoenix, Arizona
,
USA
OwnerApollo Capital Management, LP
Websitehenrysmarkets.com

History

Henry’s Farmers Market was an operator of natural-foods stores. The company was established in 1943 when Henry Boney and his family opened a fruit stand on a street corner in San Diego.[2] Henry's Farmers Market was established in 1943, when San Diego businessman Henry Boney and his family opened a fruit stand and bought a truckload of peaches and sold them on a street corner in San Diego.[3]

In December 2010, Henry's announced plans to open its first Boise, Idaho store in the downtown area, in 2011.[4] However, a week after the announcement, plans for the Boise store were stalled.[5]

Acquisitions

The Henry's chain included 23 stores in Southern California and one in Northern California. In 1999, Wild Oats Markets, Inc. acquired Henry's Marketplace from the Henry Boney Family.[6] Following a merger in August 2007, Wild Oats was acquired by Whole Foods Market.[7][8]

Soon thereafter, in October 2007, Whole Foods Market sold all 35 Henry's Farmers Market and Sun Harvest Market stores to a subsidiary of Los Angeles grocer Smart & Final, Inc., for $166 million (~$212 million in 2021). Earlier in 2007, Smart & Final had been acquired by the private equity firm Apollo Management.

Sprouts, an Arizona-based market, is the second specialty market brand developed by the Henry Boney family. The first store opened in Chandler, Arizona in 2002,[9] who sold Henry's Marketplace in 1999 (rebranded Henry's Farmers Market in 2004.

In early 2011, Apollo Management announced that it would be merging Sprouts and Henry's Farmers Market. The combined company, which operates under the name Sprouts Farmers Market, had 98 stores and more than 7,000 employees at the time the transaction closed in the second quarter of 2011.[10][11]

References
  1. "Henry's Farmers Market". Sprouts Farmers Market. Archived from the original on 13 February 2014. Retrieved 4 February 2014.
  2. Lowe, Shauntel (2011-02-18). "Henry's Farmers Market to Get New Name After Merger". Patch. Retrieved 2023-01-20.
  3. "Henry's Farmers Market to Get New Name After Merger". Encinitas, CA Patch. 2011-02-18. Retrieved 2023-05-31.
  4. "Two upscale grocery stores coming to downtown Boise in 2011". Archived from the original on 2010-12-10. Retrieved 2010-12-08.
  5. Henry's Farmers Market in Downtown Boise may not happen
  6. Crabtree, Penni (2011-02-28). "Merger of Henry's, Sprouts is latest in Boney family's retail saga". San Diego Union-Tribune. Retrieved 2023-01-20.
  7. Arellano, Kristi (2007-02-21). "Whole Foods buys Wild Oats". The Denver Post. Retrieved 2023-01-20.
  8. "Whole Foods Closes Buyout of Wild Oats". The New York Times. 2007-08-29. ISSN 0362-4331. Retrieved 2023-01-20.
  9. Riemenschneider, Pamela (June 12, 2018). "A timeline of Sprouts Farmers Market".
  10. "Henrys markets become Sprouts". Press Enterprise. 2011-02-23. Retrieved 2022-09-28.
  11. PIASECKI, JOE (February 17, 2011). "Henry's to open under new name". La Cañada Valley Sun. Retrieved 2022-09-28.
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