Gelson's Markets

Gelson's is a regional supermarket chain operating in Southern California. It operates service-oriented stores mostly in upscale neighborhoods.[1]

Gelson's Market
TypePrivately held company
IndustryGrocery
FoundedJuly 1951 (1951-07)
Burbank, California, U.S.
FoundersBernard Gelson
Eugene Gelson
HeadquartersEncino, California, U.S.
Number of locations
27
Key people
Bob Mariano, director
OwnerTPG Capital
Websitewww.gelsons.com

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.[2]

History

The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson.[3] The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.[3]

In 1966, Arden Group acquired Gelson's.[4]

In February 2014, Arden Group sold Gelson's to TPG Capital for $394 million.[5][6]

In 2015, the company acquired 8 stores from Haggen for $36 million.[7]

In November 2017, Bob Mariano joined the board of directors of the company.[8]

References
  1. Zwiebach, Elliot (October 17, 1994). "Gelson's Sees New Growth Opportunity". Supermarket News.
  2. "History of Gelson's", Gelson's Market official website
  3. "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. Calvey, Mark (February 19, 2014). "TPG Capital buys Los Angeles specialty grocer for $394 million". American City Business Journals.
  6. "Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG" (Press release). Business Wire. February 19, 2014.
  7. MOLNAR, PHILLIP (November 16, 2015). "Gelson's CEO has high hopes for San Diego". The San Diego Union-Tribune.
  8. Boss, Diana (November 2, 2017). "Mariano joins Gelson's board". Supermarket News.
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