Gelson's Markets

Last updated
Gelson's Markets, Inc.
Company type
Industry Retail (Grocery)
FoundedJuly 1951(74 years ago) (1951-07) in Burbank, California, U.S.
Founders
  • Bernard Gelson
  • Eugene Gelson
Headquarters
Encino, California
,
U.S.
Number of locations
27 (2025)
Area served
Key people

Ryan Adams (President/CEO)

ProductsBakery, delicatessen, dairy, grocery, frozen foods, organic foods, bulk foods, meat, produce, seafood, wine, beer, spirits, floral products, pet supplies, general merchandise, prepared foods, coffee [1]
Services Pharmacy, Catering
RevenueIncrease2.svg $637 million (2021)
OwnerPPIH
Number of employees
3,000 (2021)
Website gelsons.com

Gelson's is an American regional supermarket chain operating in Southern California. It operates service-oriented stores mostly in upscale neighborhoods. [2]

Contents

History

According to the chain's website, the chain originated in July 1951, with the first store in Burbank, California opening on that date. The name Gelson's came from the two founding brothers, Bernard and Eugene Gelson. [3] The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.

In 1966, Arden Group acquired Gelson's. [4] Arden Group originated around the 1929 stock market crash. In 1948, Arden Farms Company merged Mayfair Markets and 48 California Van Markets into a new chain called "Mayfair Markets." By the mid-1960s, it had expanded to neighboring states with over 250 stores. However, as larger supermarkets gained popularity, most of these stores were sold off. Eventually, upscale Mayfair stores were renovated and became Gelson's branches. [5] After the sale, Gelson's operated as an independent subsidiary of Arden Group, with Bernard and Eugene continuing to work for the chain. Bernard retired in 1988, while Eugene worked there until his death in 1980. [3]

Post Arden Expansion

Gelson's opened their fifth market in Tarzana in 1967. [6] A Century City store existed in 1977. [7]

In February 2014, Arden Group sold Gelson's to TPG Capital for $394 million. [8] [9]

In 2015, the company acquired 8 stores from Haggen for $36 million. [10]

In November 2017, Bob Mariano joined the board of directors of the company. [11]

In February 2021, Gelson's Markets was acquired by Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers Don Quijote and Marukai Corporation. [12]


References

  1. ↑ "Wegmans Food Markets: Grocery & Meal Delivery or Curbside". Wegmans.
  2. ↑ Zwiebach, Elliot (October 17, 1994). "Gelson's Sees New Growth Opportunity". Supermarket News.
  3. 1 2 "Bernard Gelson, 84; Built Chain of Upscale Markets". Los Angeles Times . January 13, 2005.
  4. ↑ "Gelson's parent Arden to be sold to investment firm TPG" . Los Angeles Times . December 21, 2013.
  5. ↑ "History of Gelson's", Gelson's Market official website
  6. ↑ "Gelson's Store Will Open". Van Nuys Valley News. September 17, 1967. p. 12.
  7. ↑ "Food stores cool to credit sales". Van Nuys Valley News. December 6, 1977. p. 34.
  8. ↑ Calvey, Mark (February 19, 2014). "TPG Capital buys Los Angeles specialty grocer for $394 million". American City Business Journals .
  9. ↑ "Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG" (Press release). Business Wire. February 19, 2014.
  10. ↑ MOLNAR, PHILLIP (November 16, 2015). "Gelson's CEO has high hopes for San Diego". The San Diego Union-Tribune .
  11. ↑ Boss, Diana (November 2, 2017). "Mariano joins Gelson's board". Supermarket News.
  12. ↑ "Gelson's Markets to be sold to Japanese retailer PPIH". 24 February 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.