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Bruno's
Bruno's Supermarkets, LLC was an American chain of grocery stores with its headquarters in Birmingham, Alabama. It was founded in 1932 by Joseph Bruno in Birmingham. During the company's pinnacle, it operated over 300 stores under the names Bruno's, Food World, Foodmax, Food Fair, Fresh Value, Vincent's Markets, Piggly Wiggly, Consumer Foods, and American Fare in Alabama, Florida, Georgia, Mississippi, Tennessee, and South Carolina. The chain was acquired by Birmingham-based Belle Foods which discontinued the brand in 2012. History The company began during the Great Depression as a market opened in Birmingham, Alabama, by Joseph Sam Bruno (October 2, 1912 – January 24, 1996), the son of immigrants from Bisacquino, Sicily. According to the 1983 book ''Joe: The Fiftieth Anniversary of Bruno's Food Stores'' by Pat Dunbar, "the store would have fit into a modern day meat cooler." The company grew steadily, with ten stores in place during the 1950s, and 29 stores open un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regions Charity Classic
The Regions Charity Classic, formerly known as the Bruno's Memorial Classic, was an American golf tournament on the Champions Tour. It was originally held at Greystone Golf & Country Club and moved to Ross Bridge Golf Resort and Spa, one of ten courses on the Robert Trent Jones Golf Trail, located in Hoover, Alabama (a suburb of Birmingham) in 2006. The tournament was founded in 1991 by Birmingham-based Bruno's Supermarkets. The event was managed by the Bruno family under itBruno Event Teamcompany. Through 2006, the tournament was normally scheduled to end on the first Sunday of May of each year, or a few days close to that day. In 2007, the tournament schedule was moved roughly two weeks later, to May 17–20. The first two tournaments were held in August — frequently a time of hot, humid climate in Alabama. The dates were moved to June for three more years, then finally to the early May/late April period. In 2010, organizers announced that the tournament would be superseded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BI-LO (United States)
BI-LO was an American supermarket chain owned by Southeastern Grocers, headquartered in Jacksonville, Florida. At the time of the banner’s elimination, supermarkets under the BI-LO brand were operated in Georgia, South Carolina, and North Carolina. History Founding and purchase by Ahold In 1961, Frank Outlaw, a former Winn-Dixie executive, bought four Greenville, South Carolina, grocery stores from the chain Wrenn and Syracuse and created the Wrenn & Outlaw chain. The official name of the company became BI-LO in 1963. Outlaw created a contest and asked the employees to submit store names. Edna Plumblee, Outlaw's secretary, won the contest by submitting the name "BI-LO". The image of a Hereford bull became the store's symbol and fiberglass bulls were installed on top of each store. These were a trademark sight until they were removed between 1981 and 1992. BI-LO was sold to Ahold, a Dutch retail food conglomerate, in 1977. In October 1988, BI-LO purchased 21 stores from Kro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belle Foods
Belle Foods, LLC was a family-owned chain of American supermarkets headquartered in Birmingham, Alabama. The company had a relatively short lifespan. It began operating its rebranded Bruno's and Food World and Piggly Wiggly Stores on July 1, 2012, but filed for bankruptcy just one year later. Before owners Bill White and Jeff White purchased the stores from Southern Family Markets in mid-2012, the 57-store grocery chain employed approximately 3,000 people. Belle Foods filed for Chapter 11 bankruptcy on July 1, 2013, exactly one year after its founding. The company cited increased competition and higher payroll taxes as factors in its bankruptcy filing. In September 2013, Associated Wholesale Grocers was the only bidder (in a stalking horse bid) for Belle Foods stores being auctioned and offered $16.1 million. Belle Foods was named "Retailer of the Year" in late 2012 by the Birmingham Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kmart
Kmart ( ), formerly legally registered as Kmart Corporation, now operated by Transformco, is a department-store chain and online retailer in the United States and Territories of the United States, its territories. It operates four remaining Kmart Big-box store, big-box department stores — three in the US Virgin Islands and one in Tamuning, Guam. The company closed its last big-box store in the mainland United States in 2024. A smaller location remains open in the former garden centre, Garden Shop of its Kendale Lakes, Florida, Kendale Lakes, Florida (Miami postal address) store, while the adjoining big box building is occupied by another retail chain that has leased the space. Before 2018, Kmart owned and operated a much larger chain of its namesake stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977. The first store with the Kmart name opened i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birmingham, Alabama
Birmingham ( ) is a city in the north central region of Alabama, United States. It is the county seat of Jefferson County, Alabama, Jefferson County. The population was 200,733 at the 2020 United States census, 2020 census, making it the List of municipalities in Alabama, second-most populous city in Alabama, and estimated at 196,357 in 2024. The Birmingham metropolitan area, Alabama, Birmingham metropolitan area had a population of 1.19 million in 2020 and is the largest metropolitan area in Alabama and List of metropolitan statistical areas, 47th-most populous in the US. Birmingham serves as a major regional economic, medical, and educational hub of the Deep South, Piedmont Atlantic Megaregion, Piedmont, and Appalachian regions. Founded in 1871 during the Reconstruction Era of the United States, Reconstruction era, Birmingham was formed through the merger of three smaller communities, most notably Elyton, Alabama, Elyton. It quickly grew into an industrial and transportation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ahold
Koninklijke Ahold N.V. was a Dutch multinational retail company based in Zaandam, Netherlands. Founded in 1887 by Albert Heijn Sr., the company initially began as a single grocery store in Oostzaan and became the largest grocery chain in the Netherlands in 1970s, Netherlands. The company went public in 1948. It merged with Belgium-based Delhaize Group in 2016 to form Ahold Delhaize. History Growth in the Netherlands The company started in 1887, when Albert Heijn Sr. opened the first Albert Heijn grocery store in Oostzaan, Netherlands. The grocery chain expanded through the first half of the 20th century, and went public in 1948. Under the leadership of the founder's grandsons, Albert Jr. and Gerrit Jan Heijn, the company continued to make a significant impact on food retail in the Netherlands in the next four decades, pioneering self-service shopping, and the development of private labels and of non-food as a grocery store category. The company also influenced culinary de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lone Star Funds
Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized 25 private equity funds with total capital commitments since inception of over $95 billion (as of 2024). Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan. Hudson Advisors LP, an approximately 900-person global asset management company owned and controlled by the founder of Lone Star, performs due diligence and analysis, asset management and related services for Lone Star Funds. In this capacity, Hudson Advisors LP has managed in excess of $260 billion of assets for Lone Star F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gadsden, Alabama
Gadsden is the county seat of Etowah County in the U.S. state of Alabama. It is located on the Coosa River about northeast of Birmingham and southwest of Chattanooga, Tennessee. It is the primary city of the Gadsden Metropolitan Statistical Area, which has a population of 103,931. The population was 33,945 at the 2020 census. In the 19th century, Gadsden was Alabama's second-most important center of commerce and industry, trailing only the seaport of Mobile. The two cities were important shipping centers: Gadsden for riverboats and Mobile for international trade. From the late 19th century through the 1980s, Gadsden was a center of heavy industry, including the Goodyear Tire and Rubber Company and Republic Steel. In 1991, following more than a decade of sharp decline in industry, Gadsden was awarded the honor of All-America City by the National Civic League. History The first substantial European-American settlement in the area that developed as Gadsden was a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homewood, Alabama
Homewood is a city in southeastern Jefferson County, Alabama, United States. It is a suburb of Birmingham, located on the other side of Red Mountain due south of the city center. The population was 26,414 at the 2020 census. History Early history and development In 1800, the first settlers arrived in the area that is now known as Homewood. However, the area's population would not grow significantly until a cholera epidemic ravaged the city of Birmingham in 1873, an issue only made worse by the financial crisis brought on by the Panic of 1873. (See Timeline of Birmingham, Alabama). Seeking new beginnings and safer living spaces, many Birmingham residents began moving out of the city, buying up land and developing communities in the surrounding areas. Many of the smaller communities which would eventually become Homewood were developed during this time period, including Rosedale, Grove Park, Edgewood, and Oak Grove. Edgewood saw the greatest amount of development. The com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
