Cencosud, a South American retailer, completed the acquisition of a 67% stake in The Fresh Market, a premium specialty retailer competing in the food retail industry in the US, from Apollo Global Management, an investment firm, for $1.1bn. "The Fresh Market is one of the best supermarkets in the USA. Widely recognized by market specialists and customers alike for its customer-centric culture, excellence in fresh produce and memorable shopping experience in its stores. This unique value proposition is a result of the successful strategy executed and the commitment of a team of highly experienced executives led by Jason and Andy. We are very pleased to make our first investment in the American market through a partnership of the prestige of Apollo Global Management with extensive experience in the retail market. Our team is very excited to start working together to accelerate the growth and value of the company," Matias Videla, Cencosud CEO.