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Kings Food Markets

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Kings Food Markets
File:Kings Food Markets logo.svg
Type
Private
IndustryRetail
Founded 📆Summit, New Jersey, 1936
Founder 👔
Headquarters 🏙️,
Parsippany, New Jersey
,
Number of locations
25 stores (2018)
Area served 🗺️
Connecticut, New Jersey, New York
Key people
Judith Spires, CEO
Products 🎛️ 🧴Grocery
Revenue$405.9 million USD (2005)
OwnerKB Holding (GSSG Capital)
Members
Number of employees
Websitewww.kingsfoodmarkets.com
address
telephone

Kings Food Markets is an American food market chain headquartered in Parsippany, New Jersey, with stores in northern New Jersey, New York, and Connecticut.

From 1988 to 2006, it was owned by British retailer Marks & Spencer.[1]

In 2009, Kings acquired Balducci's.[2] In 2016, Kings and Balducci's were sold by Angelo, Gordon & Co. and MTN Capital Partners to GSSG Capital.[3]

The upscale market branded private label products under the Kings Own brand name.[4]

During the COVID-19 pandemic in 2020, the market drew national attention for its policy on mask-wearing: when a customer entered the store without wearing a mask, they were given a mask and the CEO's phone number.[5]

On August 23, 2020, Kings filed for bankruptcy[6] and on October 14, 2020, it was announced that Albertsons submitted a winning $96M bid for the company.

References[edit]

  1. https://citywire.co.uk/funds-insider/news/mands-sells-kings-supermarket-chain-to-us-consortium/a272703
  2. "Balducci's Sold - WestportNow.com - Westport, Connecticut". www.westportnow.com.
  3. News, Food Trade (2016-08-10). "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. Retrieved 2019-06-08.
  4. Verdon, Joan (September 16, 2015). "Kings Food Markets expands private label". Passaic Herald-News. Retrieved 12 December 2020.
  5. Bartiromo, Michael (August 18, 2020). "Kings Food Markets CEO is giving phone number to customers who disagree with mask mandate". FOX News. Retrieved 12 December 2020.
  6. NJ.com, Chris Sheldon | NJ Advance Media for (2020-08-28). "N.J.-based owner of Kings supermarkets files for bankruptcy". nj. Retrieved 2020-09-25.


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