Andronico’s is closing its Telegraph Avenue store just a month after it shuttered its University Avenue location.
The San Francisco Chronicle is reporting today that Renwood Opportunities Fund, the new owners of Andronico’s, made the decision as part of its financial restructuring of the 82-year old supermarket chain.
“Investment in the future of Andronico’s Markets can begin now that we are financially stable after the sale of the company to Renovo Capital,” Bill Andronico, a member of the family which founded the markets, said in a statement today, according to the Chronicle. “Our focus now is to build upon the strong brand built over three generations.”
The exact timetable of the closure is unclear, but it will take a few weeks, according to an employee at the store who declined to give a name.
Andronico’s closed its store at 1414 University Avenue in late October. All the employees at that store had to reapply for their positions and a number lost their jobs.
The closure of the Telegraph Avenue store will leave just two Andronico’s in Berkeley, one on Shattuck near Cedar and one on Solano Avenue near The Alameda. The market has other locations in San Francisco and elsewhere in the Bay Area.