New Seasons and New Leaf were the world's first grocers to earn B Corp certifications.įowler says the sale "was not related to company financials." New Leaf stores will also be purchased in the merger.īoth chains will continue to operate as B Corporations-giving 10 percent of after-tax profits to local charities. 31 reviews 3 of 7 Specialty Food Markets in Portland - Specialty Food Market American Vegan Options. Founded in 2000, New Seasons Market is a natural grocery retailer that brings delicious, healthy food from local farmers, producers. In addition to operating grocery stores in Oregon and Washington, the Portland-based company also owns five California stores called New Leaf Community Markets. New Seasons is currently owned by the local private equity firm Endeavour Capital and the grocer's founders, who retained a minority stake. "We are actively looking at sites in these two regions and will continue to be mindful about how we grow and keep working to strengthen our core business," Folwer says. "This partnership with Good Food Holdings ensures our longevity as a community cornerstone-one that continues to nourish our neighbors and staff, inspire environmental stewardship and champion the local food economy, as we have done since 2000," Hoffmaster said in a statement. New Seasons' Seattle store will be converted to a Metropolitan Market by mid-2020.įorrest Hoffmaster, New Seasons' CEO, will stay on after the merger. Good Food Holdings owns Metropolitan Market in Seattle and Lazy Acres Natural Market and Bristol Farms in California. subsidiary of the South Korean company Emart. Oregon Public Broadcasting first reported the announcement. New Seasons will also scrap plans to open a new location in the Central District of Seattle. New Seasons Portland management will remain the same, but the company will close its Ballard, Washington location by the end of the year. Portland grocer New Seasons today announced its sale to South Korean company Good Food Holdings. New Seasons (WW staff) By Elise Herron Decemat 11:42 am PST
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