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Most Popular on DallasNews. Name Email Unused. Close Font Resize. Clear cookies. Little is known about the new owner's specific plans for the stores or what is ahead for the some 8, Fiesta Mart employees. The buyer, Washington, D.
But in a statement, founding partner Ken Brotman said the company "looked forward to building value in a business that is very well positioned for continued growth. The company purchased the stores from Houston's Levit family, which less than six months ago sold its wholesale business, Grocers Supply, to an East Coast supplier. He said the store's new owner, which has had success with grocery investments in Latin America, is well positioned to increase sales in the fast-growing Texas markets, even with competition from the region's biggest grocers: H-E-B, Walmart and Kroger.
Terms of the deal were not disclosed. For years, Fiesta Mart was the only game in town when it came to Hispanic markets, said Jason Baker, a principal at Houston retail brokerage firm Baker Katz. That's changed over the last decade as grocery operators have entered or expanded in the Houston market targeting the growing population of Spanish speakers. Houston retail expert Ed Wulfe said Fiesta has a special niche, but "the challenge of the independent grocer is great.
They are competing with all the big guys.
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