Apollo-Backed Grocer Heritage Hires AlixPartners as Adviser

Apollo Global Management-backed Heritage Grocers Group has hired AlixPartners, as the Hispanic-focused grocer seeks advice on operational initiatives including pricing, promotions and inventory shrinkage, according to people with knowledge of the matter.

• Heritage, which owns the Cardenas Markets and Tony’s Fresh Market chains, this month held a call with lenders to discuss its financial results, said the people, who asked not to be identified discussing private information
• Same-store sales at the company declined 2.4% in 2024 versus the prior year period, they said
  • The 2024 statistic reflects full-year results for the acquisition of supermarket chain El Rancho Supermercado, ...