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Yucaipa Companies
The Yucaipa Companies, LLC is an American private equity firm founded in 1986 by Ronald Burkle. It specializes in private equity and venture capital, with a focus on middle-market companies, growth capital, industry consolidation, leveraged buyouts, and turnaround investments. It generally invests $25–$300 million in companies with $300–$500 million in revenues. Yucaipa has a history of leveraged buyouts in supermarket and grocery chains, beginning with Jurgensen's Markets in 1986. After several standalone investments in the late 1980s, it went on to lead the consolidation of West Coast retail that occurred during the 1990s due in part to the rise of discount centers like Wal-Mart. In October 2014, The Yucaipa Companies acquired British retailer Tesco's Fresh & Easy chain five years after it had entered the U.S. market. History * 1987: Food 4 Less grocery franchise of Kansas City acquired for $35 million * 1989: Boys Markets acquired for $375 million * 1991: Alpha Bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Burkle
Ronald Wayne Burkle (born November 12, 1952) is an American businessman. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors. Yucaipa has executed grocery-chain mergers and acquisitions involving supermarket chains including Fred Meyer, Ralphs, and Jurgensen's, and once owned stakes in about 35 companies, including the grocery chains A&P and Whole Foods Market, before their respective demise and takeover. Burkle's net worth was estimated at US$2 billion in February 12, 2018. He had been ranked No. 633 on Forbes' list of "The Richest People on The Planet 2014." Burkle is a prominent Democratic activist and fundraiser. Early life and education Ron Burkle was born on November 12, 1952, the elder of two sons, to Betty and Joseph Burkle in Pomona, California. Joseph worked seven ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tesco
Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in the world measured by revenues. It has shops in Ireland, the United Kingdom, the Czech Republic, Hungary and Slovakia. It is the market leader of groceries in the UK (where it has a market share of around 28.4%). Tesco has expanded globally since the early 1990s, with operations in 11 other countries in the world. The company pulled out of the US in 2013, but continues to see growth elsewhere. Since the 1960s, Tesco has diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecoms and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a range of social groups with its low-cost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rebranded
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, competitors, and other stakeholders. Often, this involves radical changes to a brand's logo, name, legal names, image, marketing strategy, and advertising themes. Such changes typically aim to reposition the brand/company, occasionally to distance itself from negative connotations of the previous branding, or to move the brand upmarket; they may also communicate a new message a new board of directors wishes to communicate. Rebranding can be applied to new products, mature products, or even products still in development. The process can occur through a change in marketing strategy or in various other situations such as Chapter 11 corporate restructuring, union busting, or bankruptcy. Rebranding can also refer to a change in a company o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern California
Southern California (commonly shortened to SoCal) is a geographic and Cultural area, cultural region that generally comprises the southern portion of the U.S. state of California. It includes the Los Angeles metropolitan area, the second most populous urban agglomeration in the United States. The region generally contains ten of California's 58 counties: Imperial County, California, Imperial, Kern County, California, Kern, Los Angeles County, California, Los Angeles, Orange County, California, Orange, Riverside County, California, Riverside, San Bernardino County, California, San Bernardino, San Diego County, California, San Diego, Santa Barbara County, California, Santa Barbara, San Luis Obispo County, California, San Luis Obispo and Ventura County, California, Ventura counties. The Colorado Desert and the Colorado River are located on Southern California's eastern border with Arizona, and San Bernardino County shares a border with Nevada to the northeast. Southern California's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralphs Grocery Co
Ralphs is an American supermarket chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Foods Co. names in California. History Ralphs Grocery Company was founded in 1873 in Los Angeles by George Albert Ralphs and his brother, Walter Benjamin Ralphs. Ralphs teamed with S. A. Francis in 1873 to open the Ralphs & Francis store at 5th and Hill – an area which would become the Historic Core of the city in the early 20th century, but then a mostly residential area with many single-family houses. In 1875, Ralphs’ brother Walter bought out Francis’ share, and the business became the Ralphs Bros. Grocers, specializing in produce. The business boomed. In 1876 they constructed a two-story building at the southwest corner of Sixth and Spring. In the 20th century, Ralphs became a grocery pioneer, offering self-service markets with checkout stand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phoenix, Arizona
Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1,608,139 residents as of 2020. It is the List of United States cities by population, fifth-most populous city in the United States, and the only U.S. state capital with a population of more than one million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley. The metropolitan area is the 11th largest by population in the United States, with approximately 4.85 million people . Phoenix, the seat of Maricopa County, Arizona, Maricopa County, has the largest area of all cities in Arizona, with an area of , and is also the List of United States cities by area, 11th largest city by area in the United States. It is the largest metropolitan area, bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smitty's (retailer)
Smith's Food and Drug, or simply Smith's, is a supermarket chain that was founded in 1911 in Brigham City, Utah, by Lorenzo Smith. A subsidiary of Kroger, it is a regional supermarket chain operating in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming. Smith's headquarters is in Salt Lake City. History Beginning Smith's Food & Drug began in 1911 when Lorenzo Smith opened a small dry goods store in Brigham City, Utah. It was replaced with a larger store across the street in 1922 and renamed "Smith & Son's Market" in 1932. When his son Dee Glen Smith joined the business after serving in World War II, he began immediately expanding it. The company's growth ramped up exponentially from 1946 to 1958. It changed its name to Smith's Super Market in 1952. When Dee Smith took over as president upon his father's death in 1958, he determined Brigham City was saturated, and felt the only option was to expand to other markets. Through partnerships and acquisitions, Dee Smith b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alpha Beta
Alpha Beta was a chain of supermarkets in the Southwestern United States. Stores under this brand existed between 1917 and 1995. Former Alpha Beta stores have all been purchased by other grocery chains and rebranded. History Before Alpha Beta was the name of a store, it was the name of a marketing concept used in grocery stores founded by Albert and Hugh Gerrard. It referred to organizing the groceries in the store in alphabetical order. The Gerrards applied this idea to their flagship grocery store, Triangle Grocerteria, in 1915. Then in 1917, they opened the first Alpha Beta store in Pomona, in eastern Los Angeles County, California. The company also launched a series of coffee shops named Alphy's (a knockoff of the more formal Alpha Beta name) with dozens around southern California. They were eventually sold; many became Denny's. The company was bought by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name. Comb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boys Markets
Ralphs is an American supermarket chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Foods Co. names in California. History Ralphs Grocery Company was founded in 1873 in Los Angeles by George Albert Ralphs and his brother, Walter Benjamin Ralphs. Ralphs teamed with S. A. Francis in 1873 to open the Ralphs & Francis store at 5th and Hill – an area which would become the Historic Core of the city in the early 20th century, but then a mostly residential area with many single-family houses. In 1875, Ralphs’ brother Walter bought out Francis’ share, and the business became the Ralphs Bros. Grocers, specializing in produce. The business boomed. In 1876 they constructed a two-story building at the southwest corner of Sixth and Spring. In the 20th century, Ralphs became a grocery pioneer, offering self-service markets with checkout stand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kansas City Metropolitan Area
The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas. Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee's Summit, Missouri. Business enterprises and employers include Cerner Corporation (the largest, with almost 10,000 local employees and about 20,000 global employees), AT&T Inc., AT&T, BNSF Railway, GEICO, Asurion, T-Mobile (formerly Sprint Corporation, Sprint), Black & Veatch, AMC Theatres, Citigroup, Garmin, Hallmark Cards, Macquarie Grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
