Apollo is struggling to offload a Hispanic-focused grocery chain after US President Donald Trump’s mass deportation campaign dented the retailer’s business.
The private equity group has not been able to secure buyers for Heritage Grocers Group, which describes its business as “grocery chains that connect shoppers to Hispanic culinary traditions”, according to people familiar with the matter.
Heritage Grocers has reported consecutive quarters of reduced foot traffic and sales following a wave of raids through schools, homes and other public spaces aimed at deporting undocumented immigrants, which have sown fear in Hispanic communities.
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