Cencosud to acquire the remaining 33% stake in The Fresh Market for $295m.

Cencosud, a South American retailer, to acquire the remaining 33% stake in The Fresh Market, a premium specialty retailer competing in the food retail industry in the US, for $295m. “We are very pleased to have reached this agreement, which marks a significant milestone in our strategy to strengthen Cencosud’s presence in the US market. With 100% ownership of The Fresh Market, we can accelerate the full integration of the chain into our operations, unlock synergies, and continue generating long-term sustainable value. The US supermarket business has shown strong performance and is entering an exciting new phase of growth that we are eager to lead,” Rodrigo Larraín, Cencosud CEO.