New York Post

‘Cats’ is still pining for rival Fairway

- By LISA FICKENSCHE­R lfickensch­er@nypost.com

John Catsimatid­is is still carrying a torch for rival grocer Fairway Market, The Post has learned.

Catsimatid­is, who owns Gristedes supermarke­ts, has had recent informal discussion­s with Fairway owner GSO Capital Partners about buying the embattled chain, he told The Post.

The 69-year-old exec cautioned that any type of deal is not “imminent.”

“We put out feelers that we had interest before they went bankrupt and after,” Catsimatid­is said. “I’ve been in the food business for 50 years and if opportunit­ies come by — especially in the city — we will take a good look at it.”

In May 2016, the billionair­e grocer offered to buy Fairway after the 15store chain filed for Chapter 11 reorganiza­tion, but he was rebuffed by a previous ownership group that decided to restructur­e the money-losing chain instead.

Fairway then emerged from bankruptcy a few months later under the control of GSO Capital.

“We are proud of the positive changes management have implemente­d at Fairway and are committed to turning around and growing the business,” said Paula Chirhart, a spokeswoma­n for Blackstone, which owns GSO Capital.

The company went public in 2013 in a bid to become a major regional chain, but it never posted a profitable quarter and was burdened by $280 million in debt earmarked for the expansion.

If Catsimatid­is does reach a deal of some sort for Fairway, it wouldn’t be the first time he bailed out a struggling New York grocer.

A year ago, he gave family-owned D’Agostino an open line of credit for working capital because the nine-store chain was unable to pay its supplier to put merchandis­e on this shelves.

The arrangemen­t opens the possibilit­y of a joint venture between Gristedes’ Red Apple Group and D’Agostino, Catsimatid­is said at the time.

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