Kings Food Markets
| File:Kings Food Markets logo.svg | |
| Private | |
| ISIN | 🆔 |
| Industry | Retail |
| Founded 📆 | Summit, New Jersey, 1936 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
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) |
| Owner | KB Holding (GSSG Capital) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 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]
- ↑ https://citywire.co.uk/funds-insider/news/mands-sells-kings-supermarket-chain-to-us-consortium/a272703
- ↑ "Balducci's Sold - WestportNow.com - Westport, Connecticut". www.westportnow.com.
- ↑ 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.
- ↑ Verdon, Joan (September 16, 2015). "Kings Food Markets expands private label". Passaic Herald-News. Retrieved 12 December 2020.
- ↑ 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.
- ↑ 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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