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Henry's Farmers Market

Boney’s Market
GenreSupermarkets
Founded1943
DefunctFebruary 2011 via merger with Sprouts Farmers Market
SuccessorSprouts Farmers Market
Headquarters
La Mesa, California
,
USA
OwnerHenry Boney https://windmillfarmsmarket.com/about-us/
Websitehenrysmarkets.com

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

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, beginning with a truckload of peaches.[2] During the next few decades, the fruit-stand business expanded into a chain of grocery stores.[3]

The Henry's chain included 23 stores in Southern California and one in Northern California in 1999, when it was acquired by Wild Oats Markets.[3] After the buyout, the Boney family developed the Arizona-based Sprouts; the first store opened in Chandler, Arizona, in 2002.[3]

Following a merger in August 2007, Wild Oats—including the Henry's Farmers Market locations—was acquired by Whole Foods Market.[4][5]

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 for $166 million (~$235 million in 2023).[6] Earlier in 2007, Smart & Final had been acquired by the private equity firm Apollo Management.[7]

In December 2010, Henry's announced plans to open its first Idaho store in the downtown area of Boise in 2011.[8] However, a week after the announcement, plans for the Boise store were stalled.[9]

In early 2011, the Boney family's second venture, Sprouts, was purchased by Apollo Management,[10] which 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.[11][12]

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. ^ a b c Crabtree, Penni (2011-02-28). "Merger of Henry's, Sprouts is latest in Boney family's retail saga". San Diego Union-Tribune. Retrieved 2024-04-15.
  4. ^ Arellano, Kristi (2007-02-21). "Whole Foods buys Wild Oats". The Denver Post. Retrieved 2023-01-20.
  5. ^ "Whole Foods Closes Buyout of Wild Oats". The New York Times. 2007-08-29. ISSN 0362-4331. Retrieved 2023-01-20.
  6. ^ The Associated Press (2007-10-02). "Whole Foods closes sale of Henry's and Sun Harvest stores". The Denver Post. Associated Press. Retrieved 2024-02-08.
  7. ^ "Smart & Final Closes Sale to Apollo Management". Progressive Grocer. 2007-06-04. Retrieved 2024-02-08.
  8. ^ "Two upscale grocery stores coming to downtown Boise in 2011". Archived from the original on 2010-12-10. Retrieved 2010-12-08.
  9. ^ Henry's Farmers Market in Downtown Boise may not happen
  10. ^ Buchholz, Jan (2011-02-16). "Apollo Management acquires majority stake in Sprouts Farmers Market". Phoenix (AZ) Business Journal. Retrieved 2024-04-15.
  11. ^ "Henrys markets become Sprouts". Press Enterprise. 2011-02-23. Retrieved 2022-09-28.
  12. ^ PIASECKI, JOE (February 17, 2011). "Henry's to open under new name". La Cañada Valley Sun. Retrieved 2022-09-28.
Retrieved from "https://en.Wik.ipedia.Pro.org/w/index.php?title=Henry%27s_Farmers_Market&oldid=1218966484"

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