WESTPORT, Conn. -- Fairway Market, whose owner is based in Westport and that also has a store in Stamford, is facing financial challenges, according to a report on nytimes.com.
An aggressive plan by owner Sterling Investment Partners in Westport to open 300 new stores nationwide has caused a cash shortage and a downgrade of its debt rating and a plummeting stock price, nytimes.com reported.
Competition by other high-end grocers, like Whole Foods, also has been a challenge for Fairway, according to nytimes.com.
To read the full report, click here.
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