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{{short description|Southern California-based supermarket chain}}
{{Refimprove|date=September 2013}}

{{Infobox company
{{Infobox company
| name = Gelson's Market
| name = Gelson's Markets, Inc.
| logo = Gelsons-logo.png
| logo = File:Gelson's logo.svg
| logo_size = 250px
| type = Private
| image = File:Gelson's Market Santa Monica.jpg
⚫
| foundation = [[Burbank, California]] (1951)
| image_size = 250px
| location_city = [[Encino, California|Encino]], [[California]]
| image_caption = Exterior of the company's Santa Monica, California location.
| former_name =
| type = {{flat list|
* Privately held company
}}
⚫
| industry = [[Grocery|Retail (Grocery)]]
| founders = {{plain list|
* Bernard Gelson
* Eugene Gelson
}}
| founded = {{start date and age|1951|07|p=y}} in [[Burbank, California]], U.S.
⚫
| location_city = [[Encino, California]]
| location_country = U.S.
| location_country = U.S.
| key_people =
| num_locations = 28
| num_locations_year = 2023
| parent = Arden Group
| products = Bakery, delicatessen, dairy, grocery, frozen foods, organic foods, bulk foods, meat, produce, seafood, wine, beer, spirits, floral products, pet supplies, general merchandise, prepared foods, coffee <ref>{{Cite web|url=https://www.wegmans.com/|title=Wegmans Food Markets: Grocery & Meal Delivery or Curbside|website=Wegmans}}</ref>
| owner = [[TPG Capital]]
| services = [[Pharmacy]], Catering
⚫
| industry = [[Grocery|Retail (Grocery)]]
| area_served = {{flat list|
| products =
* [[Southern California]]
| locations = 28 (2016)
⚫
| revenue = $439,038 million (2012)
| operating_income = $31,575 million (2012)
| net_income = $18,919 million (2012)
| num_employees = 1,135 full-time; 953 part-time (2012)
| homepage = [http://www.gelsons.com www.gelsons.com]
}}
}}
| key_people = {{plain list|
* [[Bob Mariano (executive)|Bob Mariano]] (Director)
John Bagan (President)
}}
⚫
| revenue = {{profit}} $637&nbsp;million (2021)
| owner = PPIH
| num_employees = 3,000
| num_employees_year = 2021
| homepage = {{URL|gelsons.com}}
}}
⚫
'''Gelson's''' is a regional supermarket chain operating in [[Southern California]]. It operates service-oriented stores mostly in upscale neighborhoods.<ref>{{cite news | url=https://www.supermarketnews.com/archive/gelsons-sees-new-growth-opportunity | title=Gelson's Sees New Growth Opportunity | first=Elliot | last=Zwiebach | work=Supermarket News | date=October 17, 1994}}</ref>


==History==
⚫
'''Gelson's''' is an American regional [[supermarket]] chain operating in [[Southern California]]. In February 2014, Gelson's was sold to [[TPG Capital]].<ref>{{Cite web|url=http://supermarketnews.com/store-design-construction/gelsons-growth-set-through-2018|title=Gelson's growth set through 2018|last=Zwiebach|first=Elliot|date=February 1, 2016|website=supermarketnews.com|access-date=June 14, 2016}}</ref>
According to the chain's website, the chain likely 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.<ref>[https://www.gelsons.com/about/company-info/history.html "History of Gelson's", Gelson's Market official website]</ref>

The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson.<ref name="bernard">{{cite news | url=https://www.latimes.com/archives/la-xpm-2005-jan-13-me-gelson13-story.html | title=Bernard Gelson, 84; Built Chain of Upscale Markets | work=[[Los Angeles Times]] | date=January 13, 2005 | url-access=subscription}}</ref> The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.<ref name="bernard" />

In 1966, Arden Group acquired Gelson's.<ref>{{cite news | url=https://www.latimes.com/business/la-fi-mo-gelsons-sale-20131221-story.html | title=Gelson's parent Arden to be sold to investment firm TPG | work=[[Los Angeles Times]] | date=December 21, 2013 | url-access=subscription}}</ref>

In February 2014, Arden Group sold Gelson's to [[TPG Capital]] for $394 million.<ref>{{Cite news | url=https://www.bizjournals.com/sanfrancisco/blog/2014/02/tpg-san-francisco-arden-group-gelsons.html | title=TPG Capital buys Los Angeles specialty grocer for $394 million | first=Mark | last=Calvey | work=[[American City Business Journals]] | date=February 19, 2014}}</ref><ref>{{cite press release | url=https://www.businesswire.com/news/home/20140219006123/en/Arden-Group-Parent-Gelson%E2%80%99s-Markets-Announces-Completion | title=Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG | publisher=[[Business Wire]] | date=February 19, 2014}}</ref>

In 2015, the company acquired 8 stores from [[Haggen]] for $36 million.<ref>{{cite news | url=https://www.sandiegouniontribune.com/business/real-estate/sdut-haggen-gelsons-smart-final-2015nov16-htmlstory.html | title=Gelson's CEO has high hopes for San Diego | first=PHILLIP | last=MOLNAR | work=[[The San Diego Union-Tribune]] | date=November 16, 2015}}</ref>

In November 2017, [[Bob Mariano (executive)|Bob Mariano]] joined the board of directors of the company.<ref>{{cite news | url=https://www.supermarketnews.com/executive-changes/mariano-joins-gelson-s-board | title=Mariano joins Gelson's board | first=Diana | last=Boss | work=Supermarket News | date=November 2, 2017}}</ref>

In February 2021, Gelson's Markets was acquired by Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers [[Don Quijote (store)|Don Quijote]] and Marukai Corporation.<ref>{{cite web | url=https://www.supermarketnews.com/retail-financial/gelson-s-markets-be-sold-japanese-retailer-ppih | title=Gelson's Markets to be sold to Japanese retailer PPIH | date=24 February 2021 }}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}


==Sources==
==External links==
* [http://articles.latimes.com/2013/jul/15/business/la-fi-gelsons-sale-20130716 Los Angeles Times article]
* [http://supermarketnews.com/retail-amp-financial/gelsons-markets-parent-mulls-sale Supermarket News article]
* [http://www.scpr.org/blogs/economy/2013/07/16/14266/parent-company-of-gelsons-markets-explores-sale-ot/ Southern California Public Radio website story]
* [http://www.reuters.com/article/2013/07/15/ardengroup-advisers-idUSL1N0FL0SU20130715 Reuters article]

== External links ==
* {{official website}}
* {{official website}}


{{Supermarkets of the United States}}
{{Supermarkets of the United States}}
[[Category:1951 establishments in California]]

[[Category:Encino, Los Angeles]]
[[Category:Supermarkets of the United States]]
[[Category:Supermarkets of the United States]]
[[Category:Supermarkets based in California]]


{{Retail-company-stub}}
{{food-company-stub}}

Latest revision as of 08:24, 5 March 2024

Gelson's Markets, Inc.
Company type
  • Privately held company
IndustryRetail (Grocery)
FoundedJuly 1951 (73 years ago) (1951-07) in Burbank, California, U.S.
Founders
  • Bernard Gelson
  • Eugene Gelson
Headquarters
Encino, California
,
U.S.
Number of locations
28 (2023)
Area served
Key people

John Bagan (President)

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]
ServicesPharmacy, Catering
RevenueIncrease $637 million (2021)
OwnerPPIH
Number of employees
3,000 (2021)
Websitegelsons.com

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

History[edit]

According to the chain's website, the chain likely 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.[3]

The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson.[4] The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.[4]

In 1966, Arden Group acquired Gelson's.[5]

In February 2014, Arden Group sold Gelson's to TPG Capital for $394 million.[6][7]

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

In November 2017, Bob Mariano joined the board of directors of the company.[9]

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.[10]

References[edit]

  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. ^ "History of Gelson's", Gelson's Market official website
  4. ^ a b "Bernard Gelson, 84; Built Chain of Upscale Markets". Los Angeles Times. January 13, 2005.
  5. ^ "Gelson's parent Arden to be sold to investment firm TPG". Los Angeles Times. December 21, 2013.
  6. ^ Calvey, Mark (February 19, 2014). "TPG Capital buys Los Angeles specialty grocer for $394 million". American City Business Journals.
  7. ^ "Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG" (Press release). Business Wire. February 19, 2014.
  8. ^ MOLNAR, PHILLIP (November 16, 2015). "Gelson's CEO has high hopes for San Diego". The San Diego Union-Tribune.
  9. ^ Boss, Diana (November 2, 2017). "Mariano joins Gelson's board". Supermarket News.
  10. ^ "Gelson's Markets to be sold to Japanese retailer PPIH". 24 February 2021.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Gelson%27s_Markets&oldid=1211931021"