Kings Food Markets

Last updated
Kings Food Markets
Company type Private
Industry Retail
Founded Summit, New Jersey, 1936
Headquarters
Parsippany, New Jersey
,
United States
Number of locations
19 stores (2021)
Area served
Connecticut, New Jersey, New York
Products Grocery
Revenue$400 million USD (2016) [1]
Owner Marks & Spencer (1988–2006)

Angelo, Gordon & Co. (2006–2016)

KB Holding (GSSG Capital) (2016–2020)

Albertsons (2021–present)
Website kingsfoodmarkets.com

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. [2]

In 2009, Kings acquired Balducci's. [3] In 2016, Kings and Balducci's were sold by Angelo, Gordon & Co. and MTN Capital Partners to GSSG Capital. [4]

The upscale market branded private label products under the Kings Own brand name. [5]

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. [6]

On August 23, 2020, Kings filed for bankruptcy [7] and on October 14, 2020, it was announced that Albertsons submitted a winning $96M bid for the company.

On December 7, 2020, Kings closed their location in Maplewood, New Jersey, after being in Maplewood since 1942. [8] On the same day the Maplewood location closed, Kings announced their locations in Long Hill, New Jersey, and on River Street in Hoboken New Jersey, will close. [9] [10] These locations closed in late December 2020.

On January 15, 2021, Kings announced that their locations in Bernardsville, New Jersey, and in Warren Township, New Jersey, will close. [11] These locations closed on January 23, 2021.

Related Research Articles

<span class="mw-page-title-main">Bernardsville, New Jersey</span> Borough in Somerset County, New Jersey, US

Bernardsville is the northernmost borough in Somerset County, in the U.S. state of New Jersey. Situated in the heart of the Raritan Valley region, the borough is part of the Somerset Hills. As of the 2020 United States census, the borough's population was 7,893, an increase of 186 (+2.4%) from the 2010 census count of 7,707, which in turn reflected an increase of 362 (+4.9%) from the 7,345 counted in the 2000 census. Bernardsville is often mispronounced as "Ber-NARDS-ville" as opposed to the correct pronunciation "BER-nards-ville".

<span class="mw-page-title-main">Goya Foods</span> American producer of foods sold in the US and many Hispanic countries

Goya Foods, Inc. is a producer and distributor of foods and beverages sold in the United States and many Spanish-speaking countries. It has facilities in the United States, the Dominican Republic and Spain. It is under third-generation ownership of the Spanish-American Unanue family, and is headquartered in Jersey City, New Jersey.

<span class="mw-page-title-main">Weis Markets</span> American supermarket chain

Weis Markets, Inc., or doing business as Weis and stylized as weis, is a Mid-Atlantic food retailer headquartered in Sunbury, Pennsylvania. It currently operates 200 stores with over 23,000 employees in Pennsylvania, Maryland, New York, New Jersey, West Virginia, Virginia, and Delaware.

<span class="mw-page-title-main">Gladstone Branch</span> Commuter rail line in New Jersey

The Gladstone Branch is a commuter rail line operated by NJ Transit from Gladstone station, in the U.S. state of New Jersey, to either Hoboken Terminal or New York Penn Station. It is one of two branches of the Morris & Essex Lines.

<span class="mw-page-title-main">Stop & Shop</span> American regional supermarket chain in Northeastern United States owned by Ahold Delhaize

The Stop & Shop Supermarket Company, known as Stop & Shop, is a regional chain of supermarkets located in the northeastern United States. From its beginnings in 1892 as a small grocery store, it has grown to include 406 stores chain-wide.

<span class="mw-page-title-main">ShopRite</span> American supermarket chain

ShopRite is an American retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania.

<span class="mw-page-title-main">Tops Friendly Markets</span> American supermarket chain based in the Buffalo, New York area

Tops Friendly Markets is an American supermarket chain based in Amherst, New York, that operates stores in Upstate New York, Vermont, and Northern Pennsylvania. The chain operates full-scale supermarkets. Tops is a subsidiary of Northeast Grocery, which also owns the Price Chopper and Market 32 supermarkets based in Schenectady, New York. As of June 2024, the company operated 148 stores and 59 gas station/convenience stores. The chain formerly operated stores in Ohio and Massachusetts.

SuperFresh is a supermarket brand owned by Key Food Stores which operates in New York City and its New Jersey suburbs. The company currently operates twenty supermarkets.

Foodtown is a northeastern United States supermarket cooperative founded in 1955 by Twin County Grocers in New Jersey. Currently, there are 66 Foodtown stores in New Jersey, New York, and Connecticut. Foodtown's corporate offices are located in Iselin, New Jersey.

<span class="mw-page-title-main">Mitsuwa Marketplace</span> American chain of Japanese supermarkets

Mitsuwa Marketplace is a Japanese supermarket chain in America, with locations in California, Illinois, Texas, Hawaii, and New Jersey.

<span class="mw-page-title-main">Far Hills station</span> NJ Transit rail station

Far Hills is a NJ Transit station in Far Hills, in Somerset County, New Jersey, United States located at the intersection of Route 202 and CR 512, one-half mile (0.80 km) east of Route 206.

<span class="mw-page-title-main">The Giant Company</span> American supermarket chain

The Giant Company is an American regional supermarket chain that operates in Pennsylvania, Maryland, Virginia, and West Virginia under the Giant and Martin's brands. It is a subsidiary of Ahold Delhaize, and headquartered in Carlisle, Pennsylvania. As of September 2020, the company operated 190 stores, 133 pharmacies, and 105 fuel stations. The chain also provides online shopping and delivery to New Jersey through Giant Direct.

<span class="mw-page-title-main">Stirling station (NJ Transit)</span> NJ Transit rail station

Stirling is a NJ Transit station in the Stirling neighborhood of Long Hill Township, New Jersey along the Gladstone Branch of the Morris and Essex line. The station consists of one side platform, as well as a concrete block shelter constructed in August 1974 after the former Delaware, Lackawanna and Western Railroad depot was demolished. The Erie Lackawanna Railroad demolished the old depot on August 14, 1972 without notifying then-Passaic Township.

<span class="mw-page-title-main">Lyons station</span> NJ Transit rail station

Lyons is a New Jersey Transit station in Basking Ridge, New Jersey along the Gladstone Branch of the Morris & Essex Lines. The station serves south Basking Ridge as well as the Hills and Liberty Corner.

<span class="mw-page-title-main">Basking Ridge station</span> NJ Transit rail station

Basking Ridge is an NJ Transit station in Bernards Township, New Jersey along the Gladstone Branch of the Morris and Essex Lines.

<span class="mw-page-title-main">Peapack station</span> NJ Transit rail station

Peapack is an active commuter railroad train station in the borough of Peapack–Gladstone, Somerset County, New Jersey. Located on Holland Avenue in the Peapack section of the municipality, the station serves trains of New Jersey Transit's Gladstone Branch.

Balducci's Food Lover's Market is a specialty gourmet food retailer in the Mid-Atlantic United States with eight grocery stores, owned by Albertsons since 2020.

<span class="mw-page-title-main">Fairway Market</span> American northeast grocery chain

Fairway Market is a small American grocery chain founded in 1933 by Nathan Glickberg. It is one of the brands owned by the Wakefern Food Corporation, whose flagship supermarket cooperative network is ShopRite.

Rainbow Foods was a supermarket chain in Minnesota. Founded in 1983, it operated more than 40 stores across the state at its peak and was the second-largest grocery store chain in the Twin Cities, behind Cub Foods. However, the arrival of other grocery stores in the market, such as Aldi and Hy-Vee in the 2000s and 2010s caused the grocery store chain to shrink to 27 locations by May 2014. Soon after, nine more closed and eighteen were sold by then-owner Roundy's; only six of these kept the Rainbow name.

The COVID-19 pandemic reached the U.S. state of New Jersey with the first confirmed case occurring in Bergen County on March 2, 2020, and testing positive on March 4. As of January 11, 2022, 1.63 million cases were confirmed in the state, incurring 26,795 deaths.

References

  1. "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. 2016-08-10. Retrieved 2019-06-08.
  2. "M&S sells Kings supermarket chain to US consortium". Citywire.
  3. "Balducci's Sold - WestportNow.com - Westport, Connecticut". www.westportnow.com.
  4. "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. 2016-08-10. Retrieved 2019-06-08.
  5. Verdon, Joan (September 16, 2015). "Kings Food Markets expands private label". Passaic Herald-News . Retrieved 12 December 2020.
  6. 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.
  7. Sheldon, Chris (2020-08-28). "N.J.-based owner of Kings supermarkets files for bankruptcy". nj. Retrieved 2020-09-25.
  8. King, Rebecca. "Kings Food Market in Maplewood, open since 1942, has permanently closed". North Jersey Media Group. Retrieved 2021-01-07.
  9. "Kings Hoboken South Grocery Store To Shut In December". Hoboken, NJ Patch. 2020-11-25. Retrieved 2021-01-07.
  10. Sheldon, Chris (2020-12-08). "Kings Food Markets location shuttered, 2 more in N.J. also closing". nj. Retrieved 2021-01-07.
  11. "Warren, Bernardsville Food Markets To Close Next Week". Warren, NJ Patch. 2021-01-14. Retrieved 2021-01-15.