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 (GSSGCapital) (2016–2020) Albertsons(2021–present) |
| Website | kingsfoodmarkets |
Kings Food Marketsis an American food market chain headquartered inParsippany, New Jersey,with stores in northernNew Jersey,New York,andConnecticut.
From 1988 to 2006, it was owned by British retailerMarks & Spencer.[2]
In 2009, Kings acquiredBalducci's.[3]In 2016, Kings and Balducci's were sold byAngelo, Gordon & Co.and MTN Capital Partners toGSSGCapital.[4]
The upscale market branded private label products under the Kings Own brand name.[5]
During theCOVID-19 pandemicin 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 forbankruptcy[7]and on October 14, 2020, it was announced thatAlbertsonssubmitted a winning $96M bid for the company.
On December 7, 2020, Kings closed their location inMaplewood, New Jersey,after being in Maplewood since 1942.[8]On the same day the Maplewood location closed, Kings announced their locations inLong Hill, New Jersey,and on River Street inHoboken New Jersey,will close.[9][10]These locations closed in late December 2020.
On January 15, 2021, Kings announced that their locations inBernardsville, New Jersey,and inWarren Township, New Jersey,will close.[11]These locations closed on January 23, 2021.
References
[edit]- ^"Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO".foodtradenews.2016-08-10.Retrieved2019-06-08.
- ^"M&S sells Kings supermarket chain to US consortium".Citywire.
- ^"Balducci's Sold - WestportNow - Westport, Connecticut".westportnow.
- ^"Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO".foodtradenews.2016-08-10.Retrieved2019-06-08.
- ^Verdon, Joan (September 16, 2015)."Kings Food Markets expands private label".Passaic Herald-News.Retrieved12 December2020.
- ^Bartiromo, Michael (August 18, 2020)."Kings Food Markets CEO is giving phone number to customers who disagree with mask mandate".FOX News.Retrieved12 December2020.
- ^Sheldon, Chris (2020-08-28)."N.J.-based owner of Kings supermarkets files for bankruptcy".nj.Retrieved2020-09-25.
- ^King, Rebecca."Kings Food Market in Maplewood, open since 1942, has permanently closed".North Jersey Media Group.Retrieved2021-01-07.
- ^"Kings Hoboken South Grocery Store To Shut In December".Hoboken, NJ Patch.2020-11-25.Retrieved2021-01-07.
- ^Sheldon, Chris (2020-12-08)."Kings Food Markets location shuttered, 2 more in N.J. also closing".nj.Retrieved2021-01-07.
- ^"Warren, Bernardsville Food Markets To Close Next Week".Warren, NJ Patch.2021-01-14.Retrieved2021-01-15.