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Realignment increases loss at Fairway Market; new CEO, CMO named
New York –- Corporate realignment costs, particularly severance, increased net loss at Fairway Group Holdings Corp., the parent company of Fairway Market, during the second quarter of fiscal 2015. Net loss grew to $17.23 million from $12.22 million. -
Fairway Group taps veteran grocery retailer Jack Murphy as CEO
New York -- Fairway Group Holdings Corp. has named Jack Murphy, a veteran retail executive with strong experience in specialty food retailing, as CEO.
Murphy was a co-founder of natural foods grocer Fresh Fields, which was sold to Whole Foods Market. Most recently he served as CEO of Earth Fare, an organics and natural food chain with locations in the Southeast and Midwest.
