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Bloomberg reports that the planned initial public offering (IPO) by Fairway Group Holdings, which values the company at $453.6 million or 15 times adjusted earnings, has a valuation that makes Fairway more expensive than Whole Foods and Safeway.

According to the Bloomberg, the 12-store chain "said in a regulatory filing that it’s planning to add stores in population-dense metropolitan areas and has the potential for more than 300 new U.S. shops."
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