NEW YORK — Sam’s Club Bakery, a popular chain of bakery shops across the country, will close its doors for a third year.
Sams Club Bakers and Restaurants owner Sam Riggs said the decision was made after extensive research, consulting with local leaders and community members, and weighing options for future operations.
“I believe we have made the right decision to exit the business in 2017,” Riggs wrote in a letter to customers, family and employees posted on the company’s website.
The chain, which has locations in about 30 states, will reopen in 2019 under new ownership.
The chain is owned by The Sams Group, which is owned and operated by a private equity firm called The Carlyle Group, and the Sams family has been part of the company since 1854.
The Sams group has owned and run Sam’s Market in the city of New York for more than 80 years.
The chain has locations throughout the country.
The Carlyle group owns The Sam’s Group and is an investment vehicle for The Carlyles family.
The Carlylles group has invested in the company.
The company said the Sam’s chain was among the top 20 chains in the country last year and was named one of the Top 10 Most Iconic Franchises in America by The Economist Magazine.
Bakery owners say the Sam-S-Mac restaurants offer a quality experience, affordable prices, and a diverse menu.
There are several Sams locations in New York, New Jersey, Pennsylvania and Maryland.
It is believed that the company plans to close one or two locations in Florida and Ohio, as well as several locations in Nevada and Hawaii.