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Fairway Group crumbles on CEO exit, earnings

  • The bottom drops out for Fairway Group(FWM -28.9%) after the company's FQ3 report comes in a little light on sales and CEO Herbert Ruetsch announces his retirement.
  • A search for a new CEO is undergoing.
Comments (2)
  • Charlos93
    , contributor
    Comments (4) | Send Message
     
    RIP
    7 Feb, 04:21 PM Reply Like
  • kaihr5
    , contributor
    Comment (1) | Send Message
     
    This was announced in the last earnings call, and with the restructuring discussed there, I fear that the mojo of this iconic merchant is being diverted by the aggressive growth demands of the PE bunch who took Fairway private. This is a fabulous company and store - an institution in NYC. I'm in for the long game, so I hope they're not getting ahead of themselves and the market is over-reacting to this retirement.
    9 Feb, 09:53 AM Reply Like
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