Dive Summary:
- Fresh & Green parent company Natural Markets Food Group has announced it will close the six remaining store locations under the Fresh & Green banner.
- Natural Markets Food Group closed two other Fresh & Green store locations in 2012, selling them to Giant Food.
- The six remaining Fresh & Green stores set to be closed are located in Maryland and Washington, D.C.
Dive Insight:
Natural Markets Food Group is reportedly setting its sights on a rapid expansion of its natural-food grocery chain Mrs. Green’s and closing the six remaining Fresh & Green Locations would help the company consolidate its resources for the venture. Natural Markets Food Group could also be considering an IPO offering for the company in 2014.