Fairway Market was founded in the early 1930’s in New York, New York. The original store, located on West 47th Street, was a modest produce store. Today, Fairway Market is one of the highest grossing food retailers when speaking in terms of sales per square foot.
The company has annual revenue in excess of $810 million and employs approximately 5,000 persons. The company has 14 locations in the greater New York City area, along with liquor stores, Fairway Wines. Sterling Investment Partners purchased a controlling interest in the company and set out to aggressively expand the company.
The company filed for bankruptcy in May of 2016, after their parent group went public. Company headquarters remain in New York City and the original store in Manhattan’s Upper West Side, remains open at this time.