Gelson's Markets
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Gelson's Markets
Gelson's is a regional supermarket chain operating in Southern California. It operates service-oriented stores mostly in upscale neighborhoods. The Mayfair Connection actually began years before Gelson's did. Estimates put the genesis of the chain sometime around the stock market crash of 1929. In 1948, Arden Farms Company owned both Mayfair Markets and 48 California Van Markets. Arden created a new chain of stores: a new "Mayfair Markets", from the two existing chains. In the mid-1960s, the chain had extended to neighboring states: Arizona, Utah, Oregon, Washington state, and Nevada, with more than 250 stores in total. Arden-Mayfair gradually sold off most of the stores, as the market favored supermarket formats that were larger in size. Over time, all the more upscale Mayfair stores were renovated and became branches of Gelson's. History The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson. The second store opened in 1960 in Encino and the third s ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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TPG Capital
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. The firm was founded in 1992 by David Bonderman, James Coulter, and William S. Price III and has raised $50 billion of investor commitments across more than 18 private equity funds.Source: Preqin Private equity funds TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and from other institutional investors. History and notable investments Founding Texas P ...
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1951 Establishments In California
Events January * January 4 – Korean War: Third Battle of Seoul – Chinese and North Korean forces capture Seoul for the second time (having lost the Second Battle of Seoul in September 1950). * January 9 – The Government of the United Kingdom announces abandonment of the Tanganyika groundnut scheme for the cultivation of peanuts in the Tanganyika Territory, with the writing off of £36.5M debt. * January 15 – In a court in West Germany, Ilse Koch, The "Witch of Buchenwald", wife of the commandant of the Buchenwald concentration camp, is sentenced to life imprisonment. * January 20 – Winter of Terror: Avalanches in the Alps kill 240 and bury 45,000 for a time, in Switzerland, Austria and Italy. * January 21 – Mount Lamington in Papua New Guinea erupts catastrophically, killing nearly 3,000 people and causing great devastation in Oro Province. * January 25 – Dutch author Anne de Vries releases the first volume of his children's novel ''Journey Through the Night'' ( ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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The San Diego Union-Tribune
''The San Diego Union-Tribune'' is a metropolitan daily newspaper published in San Diego, California, that has run since 1868. Its name derives from a 1992 merger between the two major daily newspapers at the time, ''The San Diego Union'' and the ''San Diego Evening Tribune''. The name changed to ''U-T San Diego'' in 2012 but was changed again to ''The San Diego Union-Tribune'' in 2015. In 2015, it was acquired by Tribune Publishing. In February 2018 it was announced to be sold, along with the ''Los Angeles Times'', to Patrick Soon-Shiong's investment firm Nant Capital LLC for $500 million plus $90 million in pension liabilities. The sale was completed on June 18, 2018. History Predecessors The predecessor newspapers of the ''Union-Tribune'' were: * ''San Diego Herald'', founded 1851 and closed April 7, 1860; John Judson Ames was its first editor and proprietor. * ''San Diego Sun'', founded 1861 and merged with the ''Evening Tribune'' in 1939. * ''San Diego Union'', fou ...
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Haggen
Haggen Food & Pharmacy is a grocery retailer in Washington State. Haggen is headquartered in Bellingham, Washington, where it started in 1933 when Ben Haggen, Dorothy Haggen, and Doug Clark opened the first store on Bay Street in Bellingham. For many years, Haggen was the largest independent grocery retailer in the Pacific Northwest, with locations in Washington and Oregon. From 1982 through 2014, Haggen also operated Top Food & Drug. In late 2014, Haggen agreed to purchase and rebrand 146 West Coast Vons, Pavilions, Albertsons, and Safeway Inc. locations. This expanded Haggen's territory in Oregon, and to southern California, Nevada and Arizona, increasing the chain's locations from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies, and the number of its employees from about 2,000 to about 10,000. On September 1, 2015, Haggen filed suit against Albertsons for false representations and anti-competitive practices, and on September 8, 2015, Haggen Food & Pharmacy fil ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies with ...
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American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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Grocery
A grocery store ( AE), grocery shop ( BE) or simply grocery is a store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, and is not used to refer to other types of stores that sell groceries. In the UK, shops that sell food are distinguished as grocers or grocery shops (though in everyday use, people usually use either the term "supermarket" or a "corner shop" or "convenience shop"). Larger types of stores that sell groceries, such as supermarkets and hypermarkets, usually stock significant amounts of non-food products, such as clothing and household items. Small grocery stores that sell mainly fruit and vegetables are known as greengrocers (Britain) or produce markets (U.S.), and small grocery stores that predominantly sell prepared food, such as candy and snacks, are known as convenience shops or delicatessens. Definition The definition of "grocery store" v ...
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Supermarket
A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. This kind of store is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or Big-box store, big-box market. In everyday United States, U.S. usage, however, "grocery store" is synonymous with supermarket, and is not used to refer to other types of stores that sell groceries. The supermarket typically has places for fresh meat, fresh produce, dairy, Delicatessen, deli items, baked goods, etc. Shelf space is also reserved for canned and packaged goods and for various non-food items such as kitchenware, household cleaners, pharmacy products and pet supplies. Some supermarkets also sell other household products that are consumed regularly, such as alcohol (where permitted), medicine, and clothing, and some sell a much w ...
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Bob Mariano (executive)
Robert Anthony "Bob" Mariano (born March 1950; pronounced ) is an American businessman, formerly CEO and chairman of Milwaukee, Wisconsin-based supermarket chain Roundy's. Early life Robert Anthony Mariano was born in March 1950 in Jefferson Park, Chicago, Illinois to Dorothy and Robert John Mariano. After a short time in Chicago they moved to nearby Arlington Heights, where he grew up as the oldest of his two brothers and two sisters. Education and early career He went to high school at Loyola Academy and in 1967 he began working as a part-time deli clerk at a Dominick's supermarket. He initially wanted to go into pre-med, but after applying unsuccessfully to five medical schools, he switched to the pharmaceutical industry. He was rejected by thirteen different companies, one of which said he looked too young. He was eventually hired as a salesman for Oscar Mayer, a company for which his father, a butcher, had also worked. After working there for a year and a half, he was h ...
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