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Īfter increasing the price of its initial public offering from $18–20 to $22, Fresh Market raised $290 million, and on November 5, 2010, began trading on Nasdaq using the symbol TFM. These locations were subsequently closed in May 2016 when Fresh Market shuttered its 13 locations in Texas, Iowa, Missouri, and Kansas. In 2012, Fresh Market acquired and remodeled four locations of longtime family-owned Houston grocer Rice Epicurean Markets. However, in March 2014, the company announced that it was closing all three of its Sacramento area stores including its Roseville store. Their first store in the West opened in October 2012 in Roseville, California. The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets. The Fresh Market was founded by Ray and Beverly Berry on March 5, 1982, in Greensboro, North Carolina.
