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Fry's Food And Drug
Fry's Food and Drug is a chain of supermarkets that has a major presence in the U.S. state of Arizona. Fry's also operates under the banner of ''Fry's Marketplace'', a combination of groceries and general merchandise comparable to a Walmart Supercenter. Fry's is a division of Cincinnati, Ohio-based Kroger. History Beginnings Fry's was founded in 1954 by Donald Fry in northern California. With the help of his brother Charles, the chain expanded into the Phoenix market in 1960. Fry's was sold in 1972 to Dillons, based in Hutchinson, Kansas. (The sons of Charles Fry used the proceeds from the sale to launch Fry's Electronics in 1985; it was otherwise separate from and unaffiliated with the grocery chain.) Dillons merged with Kroger in 1983. Fred Meyer and Kroger merger In October 1998, Fred Meyer, parent company of Smith's Food and Drug based in Salt Lake City, announced a strategic merger with Kroger, based in Cincinnati. Several months later, in May 1999, the Federal Trade Commi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
