Sprouts Farmers Market Acquires Two Licensed Stores in California; Chip Molloy Details
PHOENIX, AZ - Some exciting news recently hit the wires, and ANUK is here to let you in on it. It was announced yesterday that Sprouts Farmers Market has acquired two new store locations in Southern California. The two independently owned stores, located in Chula Vista, will be operating under the Sprouts Farmers Market name pursuant to a legacy trademark license arrangement.
“We are pleased to bring these two high-volume stores into the Sprouts fold, allowing us to serve more customers in the San Diego market,” Chip Molloy, Chief Financial Officer, stated in a recent press release from the company.
Acquiring these stores will allow complete control of the Sprouts brand, opening further expansion opportunities within the Southern California market.
According to a press release, the company licensed the Sprouts Farmers Market trademark to a third-party operator many years ago in a one-of-a-kind operating structure; no other licensed Sprouts stores exist.
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Stay tuned as ANUK continues to bring you the latest news.
