Fiesta Mart Acquired By One of Country’s Largest Hispanic Grocery Chains
Style Magazine Newswire | 3/30/2018, 2 p.m.
For the second time in three years, the Houston-based grocery chain Fiesta Mart has been sold. Fiesta has two stores in Austin, a small market compared to the 32 stores in the Houston area and several dozen in the Dallas/Fort Worth area. According to the Houston Chronicle, Bodega Latina Corp and its Mexican parent company Chedraui will acquire 63 Fiesta stores in Texas if the $300 million sale goes through, which is expected. The buyer already operated 59 El Super stores in the Southwest and is one of the largest Hispanic food retailers in the country. Fiesta was sold in 2004 and then again in 2015 Acon Investments, a Washington, D.C.-based private equity firm.