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Fresh Market Founder Said to Work With Apollo on Possible Buyout

Fresh Market Inc.’s founder and chairman, Ray Berry, is working with Apollo Global Management LLC to explore a possible buyout of the grocery chain, according to a person with knowledge of the matter.

Berry turned to Apollo after seeing how it handled the acquisition -- and subsequent initial public offering -- of Sprouts Farmers Market Inc., according to the person, who asked not to be identified because the deliberations are private...