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Henry's Farmers Market

From Wikipedia, the free encyclopedia
Former grocery retailer brand name
Boney’s Market
GenreSupermarkets
Founded1943
DefunctFebruary 2011 via merger withSprouts Farmers Market
SuccessorSprouts Farmers Market
Headquarters,
USA
OwnerHenry Boneyhttps://windmillfarmsmarket.com/about-us/
Websitehenrysmarkets.com

Henry's Farmers Market (also known asBoney’s Market andHenry's) was a grocery retailer headquartered inLa Mesa, California. In 2011, it started becoming part of theSprouts Farmers Market chain, with a full acquisition taking place by mid-2013.[1]

History

[edit]

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 inSan 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 byWild Oats Markets.[3] After the buyout, the Boney family developed the Arizona-basedSprouts; the first store opened inChandler, Arizona, in 2002.[3]

Following a merger in August 2007, Wild Oats—including the Henry's Farmers Market locations—was acquired byWhole 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 grocerSmart & Final for $166 million (~$235 million in 2023).[6] Earlier in 2007, Smart & Final had been acquired by the private equity firmApollo Management.[7]

In December 2010, Henry's announced plans to open its firstIdaho store in the downtown area ofBoise 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

[edit]
  1. ^"Henry's Farmers Market". Sprouts Farmers Market. Archived fromthe original on 13 February 2014. Retrieved4 February 2014.
  2. ^Lowe, Shauntel (2011-02-18)."Henry's Farmers Market to Get New Name After Merger".Patch. Retrieved2023-01-20.
  3. ^abcCrabtree, Penni (2011-02-28)."Merger of Henry's, Sprouts is latest in Boney family's retail saga".San Diego Union-Tribune. Retrieved2024-04-15.
  4. ^Arellano, Kristi (2007-02-21)."Whole Foods buys Wild Oats".The Denver Post. Retrieved2023-01-20.
  5. ^"Whole Foods Closes Buyout of Wild Oats".The New York Times. 2007-08-29.ISSN 0362-4331. Retrieved2023-01-20.
  6. ^The Associated Press (2007-10-02)."Whole Foods closes sale of Henry's and Sun Harvest stores".The Denver Post. Associated Press. Retrieved2024-02-08.
  7. ^"Smart & Final Closes Sale to Apollo Management".Progressive Grocer. 2007-06-04. Retrieved2024-02-08.
  8. ^"Two upscale grocery stores coming to downtown Boise in 2011". Archived fromthe original on 2010-12-10. Retrieved2010-12-08.
  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. Retrieved2024-04-15.
  11. ^"Henrys markets become Sprouts".Press Enterprise. 2011-02-23. Retrieved2022-09-28.
  12. ^PIASECKI, JOE (February 17, 2011)."Henry's to open under new name".La Cañada Valley Sun. Retrieved2022-09-28.
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