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Amazon Makes Offer for Four Fairway Market Stores

Amazon Makes Offer for Four Fairway Market Stores


NEW YORK CITY, NY
Friday, March 20th, 2020

Though, Bogopa Enterprises placed a bid to acquire a few Fairway Market locations, there are still stores up for grabs—and Amazon is rumored to be circling the auction block. According to the New York Post (NYP), Amazon is allegedly eyeing four Fairway Market stores located in New York and New Jersey.

The news source reports that the Jeff Bezos-backed grocery giant is bidding on four stores owned by Fairway, which previously announced its bankruptcy. These locations include stores in Pelham, New York; Brooklyn, New York; Woodland Park, New Jersey; and Paramus, New Jersey. The auction for the sale of Fairway stores began this past Monday.

Amazon is looking to buy four Fairway Market stores in New York and New Jersey

NYP further reported Amazon has been focused on just four of Fairway’s 14 stores in recent negotiations, which have been held online and via phone—though the e-tailer is remaining tight-lipped on its future plans.

This is the most recent interest in Fairway's assets, with ShopRite's Village Super Market having already made a bid for both stores and a facility, in addition to Bogopa Enterprises. While both qualifying bids were over $70 million, the news source did not disclose how much Amazon might have bid for the locations on the block.

Will Amazon successfully acquire these Fairway Market stores, and possibly expand its Amazon Go concept further into the East? Deli Market News will continue to report.

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