Gelson's Markets
 | |
| Company type | Privately held company |
|---|---|
| Industry | Grocery |
| Founded | July 1951 in Burbank, California |
| Headquarters | Encino, California, U.S. |
Number of locations | 27 |
Key people | Bob Mariano, director |
| Owner | TPG Capital |
| Website | www |
Gelson's is a regional supermarket chain operating in Southern California. It operates service-oriented stores mostly in upscale neighborhoods.[1]
History
The first Gelson's supermarket was opened in July 1951 by Bernard and Eugene Gelson.[2] The second store opened in 1960 in Encino and the third store opened in 1965 in North Hollywood.[2]
In 1966, Arden Group acquired Gelson's.[3]
In February 2014, Arden Group sold Gelson's to TPG Capital for $394 million.[4][5]
In 2015, the company acquired 8 stores from Haggen for $36 million.[6]
In November 2017, Bob Mariano joined the board of directors of the company.[7]
References
- ^ Zwiebach, Elliot (October 17, 1994). "GELSON'S SEES NEW GROWTH OPPORTUNITY". Supermarket News.
- ^ a b "Bernard Gelson, 84; Built Chain of Upscale Markets". Los Angeles Times. January 13, 2005.
- ^ "Gelson's parent Arden to be sold to investment firm TPG". Los Angeles Times. December 21, 2013.
- ^ Calvey, Mark (February 19, 2014). "TPG Capital buys Los Angeles specialty grocer for $394 million". American City Business Journals.
- ^ "Arden Group, Inc., Parent of Gelson's Markets, Announces Completion of Acquisition by TPG" (Press release). Business Wire. February 19, 2014.
- ^ MOLNAR, PHILLIP (November 16, 2015). "Gelson's CEO has high hopes for San Diego". The San Diego Union-Tribune.
- ^ Boss, Diana (November 2, 2017). "Mariano joins Gelson's board". Supermarket News.
