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In 2016, Kohlberg Kravis Roberts purchased Cardenas along with San Jose–based Mi Pueblo Food Center. The two chains merged in July 2017, and Mi Pueblo stores were converted to Cardenas stores the following year. [2] In June 2022, it was announced that KKR would sell Cardenas to funds affiliated with Apollo Global Management for an undisclosed ...
On July 22, 2013, Mi Pueblo filed for Chapter 11 bankruptcy. [9] Less than a year later, on June 4, 2014, Mi Pueblo announced that they formally emerged from Chapter 11 reorganization after receiving $56 million in financing from Chicago- based investment firm Victory Park Capital (VPC) [10] As part of the restructuring, Javier Ramirez was appointed as president and CEO, succeeding Juvenal ...
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