Farm Fresh Food & Pharmacy is a supermarket chain with seventeen stores, primarily in Virginia. Its headquarters are located in Virginia Beach and its largest presence is in the surrounding Norfolk/Virginia Beach (Hampton Roads) metropolitan area. The company is a wholly owned subsidiary of Eden Prairie, Minnesota-based SuperValu. On March 14th 2018, it was revealed that parent company, SuperValu, would be selling 21 stores to rival grocers Kroger and Food Lion in an attempt to exit the retail grocery business and satisfy shareholders.
Video Farm Fresh Food & Pharmacy
History
Farm Fresh was founded by David Furman in 1957. The name 'Farm Fresh' was chosen from entries submitted by local residents. Farm Fresh merged with competitor Giant Open Air Markets in 1986 and acquired its 26 full line grocery stores and 43 of its "Tinee Giant" convenience stores. After that merger, Farm Fresh added the arch in its logo that Giant Open Air used at its stores. Also, in the mid 1980s, Farm Fresh purchased Lou Smith Supermarkets, which had a strong presence on the Virginia Peninsula and Gloucester areas. In 1997, Farm Fresh made local headlines due to financial problems, which led to filing of bankruptcy. In March 1998, Farm Fresh was purchased by Richfood Holdings, Inc., which also owned Shoppers Food & Pharmacy. The company would have closed but the purchase by Richfood (Farm Fresh's biggest vendor) kept the company alive. In August 1999, Richfood Holdings was purchased by SuperValu Inc. On November 4, 2009, longtime executive Gene Walters died at the age of 86. Farm Fresh president Ron Dennis retired and was replaced by Gaelo de la Fuente, vice president of retail operations support for SuperValu Inc., as of March 10, 2010.
On September 11, 2012, Gaelo de la Fuente retired as President "to pursue other interests". Bill Parker, senior vice president of merchandising for Farm Fresh, took over as interim president as of September 15, 2012, and was promoted to President on March 4, 2013. Only a couple of months in his new position Bill Parker also left, "pursuing other interest." In August 2013, Micky Nye, Vice President of Shoppers Food & Pharmacy, entered the position becoming the first female president of Farm Fresh.
Since then Supervalu, parent company to Farm Fresh, has created a secondary company titled "Retail East" which has removed much of the Farm Fresh upper level management. Micky Nye has taken the position of Regional VP of Operations within this company leaving no president in Farm Fresh. Marc "Theo" Theophelakes, Vice President of Farm Fresh, has taken a position in Supervalu, Senior Director of Operations, based out of Eden Prairie, MN. The company that has boasted being run locally and enveloped itself in community affairs is no longer run by individuals with local ties to those communities.
These shifts in leadership, leaving a void in upper level management, coupled with the recent news articles has shaken the company to its core. Many long time employees are being left in the dark about what Supervalu has in store for them. The recent exit of several executives along with other essential personnel from the Farm Fresh corporate office and a hiring freeze of an unknown timeframe continues to frustrate the employees hoping for a better tomorrow.
On March 14, 2018, SuperValu Inc. announced they are selling 21 of its 38 Farm Fresh Food & Pharmacy stores to Kroger and Food Lion for $43 million in cash. The deals are expected to close in May, 2018.
Maps Farm Fresh Food & Pharmacy
References
External links
- Farm Fresh Homepage
- SuperValu FarmFresh Banner Page
Source of article : Wikipedia
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