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Popular New York grocery chain on brink of default

2016-02-20 00:07:52| Grocery - Topix.net

The losses are mounting at one of New York City's most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe's and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain's New York reported.

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