iFresh Names Cushman & Wakefield Exclusive Real Estate Services Agent
February 05 2018 - 1:11PM
iFresh Inc. (NASDAQ:IFMK) ("iFresh" or the "Company"), a
leading Asian American grocery supermarket chain and online grocer,
announced today that the company has retained Cushman &
Wakefield, Inc., (“C&W”), a leading global real estate services
firm, on an exclusive basis as its sole real estate services agent.
A Cushman & Wakefield team headed by Executive
Managing Director Diana Boutross and Executive
Director Harry Krausman will be leading the efforts to
find, negotiate and secure locations across the country on behalf
of iFresh.
“We are pleased to partner with C&W,” Mr. Long Deng,
Chairman and Chief Executive Officer of iFresh, commented.
“The engagement with C&W, one of the largest real estate
services companies in the world, helps us to enhance our national
expansion plans in 2018 as we continue to provide best-in-class
experiences to our customers.”
“Grocery stores are going through a huge disruption in the
current environment with the rise of –e-commerce and same
day-delivery,” said Diana Boutross. “We believe that iFresh
is well-positioned in this evolving retail environment. With
coverage on both fronts, iFresh is positioned to take their sector
to great strides.”
“We are ecstatic to begin working with iFresh, a cutting edge
company with significant growth potential,” said Harry Krausman.
“We are looking forward to partnering with iFresh on this
journey.”
iFresh, Inc. was listed on the Nasdaq Stock Market in February
2017, becoming the first Chinese supermarket chain to be listed on
a major US exchange. The company offers Asian goods, including
food, beverages and household items, fresh daily produce and
popular Japanese snacks. It also offers home delivery through
its online e-commerce platform. iFresh currently has nine stores:
in Manhattan, Brooklyn, Queens, Boston, Orlando and Sunrise,
Florida, and manages six stores: in Queens, New Jersey, Maryland,
Texas and California. It plans to open four more locations in Long
Island, N. Miami, Connecticut, and Texas.
About iFresh, Inc.iFresh Inc., headquartered
in Long Island City, New York, is a leading Asian American
grocery supermarket chain and online grocer. With nine retail
supermarkets along the US eastern seaboard (with additional stores
in Glen
Cove, Miami and Connecticut opening soon), two
in-house wholesale businesses strategically located in cities with
a highly concentrated Asian population, and six iFresh-managed
stores, iFresh aims to satisfy the increasing demands of Asian
Americans (whose purchasing power has been growing rapidly) for
fresh and culturally unique produce, seafood and other groceries
that are not found in mainstream supermarkets. With an in-house
proprietary delivery network, online sales channel and strong
relations with farms that produce Chinese specialty vegetables and
fruits, iFresh is able to offer fresh, high-quality specialty
produce at competitive prices to a growing base of customers. For
more information, please
visit: http://www.ifreshmarket.com/.
About Cushman & Wakefield Cushman &
Wakefield is a leading global real estate services firm with 45,000
employees in more than 70 countries helping occupiers and investors
optimize the value of their real estate. Cushman & Wakefield is
among the largest commercial real estate services firms with
revenue of $6 billion across core services of agency leasing, asset
services, capital markets, facility services (C&W Services),
global occupier services, investment & asset management (DTZ
Investors), project & development services, tenant
representation, and valuation & advisory. To learn more,
visit www.cushmanwakefield.com or
follow @CushWake on Twitter.
Media Contacts:
Dragon Gate Investment Partners LLCTel: (646)-801-2803Email:
ifmk@dgipl.com
Michael BoonshoftCushman & WakefieldTel:
(212)-841-7505Email: Michael.Boonshoft@cushwake.com
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