Analysis: Fairway's new owners betting on 'monumental' turnaround

Analysis: Fairway's new owners betting on 'monumental' turnaround

"The good news is Fairway is not going straight into liquidation like A&P. At the same time, it's a turnaround of monumental proportions." —Burt P. Flickinger III, Strategic Resource Grou

The lenders-turned-owners of Fairway Markets are betting on a fast-moving, bankruptcy-aided turnaround for the beleaguered New York icon — and hoping to avoid the fate of the last area grocer to go Chapter 11.

"The good news is Fairway is not going straight into liquidation like A&P," Burt P. Flickinger III, managing director of New York's Strategic Resource Group, told SN in an interview Tuesday. "At the same time, it's a turnaround of monumental proportions."

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