According to the chain's website, the chain likely originated around the 1929 stock market crash. In 1948, Arden Farms Company merged Mayfair Markets and 48 California Van Markets into a new chain called "Mayfair Markets." By the mid-1960s, it had expanded to neighboring states with over 250 stores. However, as larger supermarkets gained popularity, most of these stores were sold off. Eventually, upscale Mayfair stores were renovated and became Gelson's branches.[3]
The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson.[4] The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.[4]
In February 2014, Arden Group sold Gelson's to TPG Capital for $394 million.[6][7]
In 2015, the company acquired 8 stores from Haggen for $36 million.[8]
In November 2017, Bob Mariano joined the board of directors of the company.[9]
In February 2021, Gelson's Markets was acquired by Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers Don Quijote and Marukai Corporation.[10]
Referencesedit
^"Wegmans Food Markets: Grocery & Meal Delivery or Curbside". Wegmans.
^Zwiebach, Elliot (October 17, 1994). "Gelson's Sees New Growth Opportunity". Supermarket News.
^"History of Gelson's", Gelson's Market official website
^ ab"Bernard Gelson, 84; Built Chain of Upscale Markets". Los Angeles Times. January 13, 2005.
^"Gelson's parent Arden to be sold to investment firm TPG". Los Angeles Times. December 21, 2013.
^Calvey, Mark (February 19, 2014). "TPG Capital buys Los Angeles specialty grocer for $394 million". American City Business Journals.
^"Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG" (Press release). Business Wire. February 19, 2014.
^"Gelson's Markets to be sold to Japanese retailer PPIH". 24 February 2021.
External linksedit
Official website
April 13, 2024
gelson, markets, gelson, regional, supermarket, chain, operating, southern, california, operates, service, oriented, stores, mostly, upscale, neighborhoods, exterior, company, santa, monica, california, location, company, typeprivately, held, companyindustryre. Gelson s is a regional supermarket chain operating in Southern California It operates service oriented stores mostly in upscale neighborhoods 2 Gelson s Markets Inc Exterior of the company s Santa Monica California location Company typePrivately held companyIndustryRetail Grocery FoundedJuly 1951 72 years ago 1951 07 in Burbank California U S FoundersBernard Gelson Eugene GelsonHeadquartersEncino California U S Number of locations28 2023 Area servedSouthern CaliforniaKey peopleBob Mariano Director John Bagan President ProductsBakery delicatessen dairy grocery frozen foods organic foods bulk foods meat produce seafood wine beer spirits floral products pet supplies general merchandise prepared foods coffee 1 ServicesPharmacy CateringRevenue 637 million 2021 OwnerPPIHNumber of employees3 000 2021 Websitegelsons wbr comHistory editAccording to the chain s website the chain likely originated around the 1929 stock market crash In 1948 Arden Farms Company merged Mayfair Markets and 48 California Van Markets into a new chain called Mayfair Markets By the mid 1960s it had expanded to neighboring states with over 250 stores However as larger supermarkets gained popularity most of these stores were sold off Eventually upscale Mayfair stores were renovated and became Gelson s branches 3 The first Gelson s supermarket was opened in July 1951 by Bernard and Eugene Gelson 4 The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood 4 In 1966 Arden Group acquired Gelson s 5 In February 2014 Arden Group sold Gelson s to TPG Capital for 394 million 6 7 In 2015 the company acquired 8 stores from Haggen for 36 million 8 In November 2017 Bob Mariano joined the board of directors of the company 9 In February 2021 Gelson s Markets was acquired by Pan Pacific International Holdings PPIH the parent company of Japanese retailers Don Quijote and Marukai Corporation 10 References edit Wegmans Food Markets Grocery amp Meal Delivery or Curbside Wegmans Zwiebach Elliot October 17 1994 Gelson s Sees New Growth Opportunity Supermarket News History of Gelson s Gelson s Market official website a b Bernard Gelson 84 Built Chain of Upscale Markets Los Angeles Times January 13 2005 Gelson s parent Arden to be sold to investment firm TPG Los Angeles Times December 21 2013 Calvey Mark February 19 2014 TPG Capital buys Los Angeles specialty grocer for 394 million American City Business Journals Arden Group Inc Parent of Gelson s Markets Announces Completion of Acquisition by TPG Press release Business Wire February 19 2014 MOLNAR PHILLIP November 16 2015 Gelson s CEO has high hopes for San Diego The San Diego Union Tribune Boss Diana November 2 2017 Mariano joins Gelson s board Supermarket News Gelson s Markets to be sold to Japanese retailer PPIH 24 February 2021 External links editOfficial website nbsp Retrieved from https en wikipedia org w index php title Gelson 27s Markets amp oldid 1211931021, wikipedia, wiki, book, books, library,
