|
Yucaipa Companies
The Yucaipa Companies, LLC is an American private equity firm founded in 1986 by Ronald Burkle. It specializes in a private equity and venture capital, with a focus on middle-market companies, growth capital, industry consolidation, leveraged buyouts and turnaround investments. It generally invests $25–$300 million in companies with $300–$500 million in revenues. Yucaipa has a history of leveraged buyouts in supermarket and grocery chains, beginning with Jurgensen's Markets in 1986. After several standalone investments in the late 1980s, it went on to lead the consolidation of West Coast retail that occurred during the 1990s due in part to the rise of discount centers like Wal-Mart. In November 2013. The Yucaipa Companies acquired British retailer Tesco's Fresh & Easy chain five years after it had entered the U.S. market. History 1986 - 2000 In 1987, Food 4 Less grocery franchise of Kansas City was acquired for $35 million. In 1989, Boys Markets was acquired for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Burkle
Ronald Wayne Burkle (born November 12, 1952) is an American businessman. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors. Yucaipa has executed grocery-chain mergers and acquisitions involving supermarket chains including Fred Meyer, Ralphs, and Jurgensen's, and once owned stakes in about 35 companies, including the grocery chains A&P and Whole Foods Market, before their respective demise and takeover. Burkle's net worth was estimated at US$2 billion on February 12, 2018. He had been ranked No. 633 on Forbes' list of "The Richest People on The Planet 2014." Burkle is an activist and fundraiser for the Democratic Party. Early life and education Ron Burkle was born on November 12, 1952, the elder of two sons, to Betty and Joseph Burkle in Pomona, California. Joseph wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fresh & Easy
Fresh & Easy Neighborhood Market Inc. was a chain of grocery stores in the Western United States, headquartered in El Segundo, California. It was a subsidiary of Tesco, the world's third largest retailer, based in the United Kingdom, until November 2013 when it was purchased by Yucaipa Companies. It had plans for rapid growth – the first stores opened in November 2007 and, after a pause in the second quarter of 2008, the opening program recommenced. While there were over 200 stores in Arizona, California, and Nevada by December 2012, Tesco confirmed in April 2013 that it was pulling out of the US market, at a reported cost of £1.2 billion. On September 10, 2013, Tesco announced they were transferring ownership and operations of more than 150 stores to supermarket-owner Ron Burkle's Yucaipa Companies group. At the beginning of October 2013, Fresh & Easy filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy in U.S. bankruptcy court. The sale cost Tesco � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralphs
Ralphs is an American supermarket Chain stores, chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Foods Co. names in California. History Ralphs Grocery Company was founded in 1873 in Los Angeles by George Ralphs, George Albert Ralphs and his brother, Walter Benjamin Ralphs. Ralphs teamed with S. A. Francis in 1873 to open the Ralphs & Francis store at 5th and Hill – an area which would become the Historic Core, Los Angeles, Historic Core of the city in the early 20th century, but was then a mostly residential area with many single-family houses. In 1875, Ralphs’s brother Walter bought out Francis’s share, and the business became the Ralphs Bros. Grocers, specializing in produce. The business boomed. In 1876, they constructed a two-story building at the southwest corner of Sixth and Spring. In the 20th century, Ralphs became a gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rebranded
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, Competition (economics), competitors, and other Stakeholder (corporate), stakeholders. Often, this involves radical changes to a brand's logo, name, legal names, image, marketing strategy, and advertising themes. Such changes typically aim to positioning (marketing), reposition the brand/company, occasionally to distance itself from negative connotations of the previous branding, or to move the brand Luxury goods, upmarket; they may also communicate a new message a new board of directors wishes to communicate. Rebranding can be applied to new products, mature products, or even products still in new product development, development. The process can occur through a change in marketing strategy or in various other situations such as Chapter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern California
Southern California (commonly shortened to SoCal) is a geographic and Cultural area, cultural List of regions of California, region that generally comprises the southern portion of the U.S. state of California. Its densely populated coastal region includes Greater Los Angeles (the second-most populous urban agglomeration in the United States) and San Diego County (the second-most populous county in California). The region generally contains ten of California's 58 counties: Los Angeles County, California, Los Angeles, San Diego County, California, San Diego, Orange County, California, Orange, Riverside County, California, Riverside, San Bernardino County, California, San Bernardino, Kern County, California, Kern, Ventura County, California, Ventura, Santa Barbara County, California, Santa Barbara, San Luis Obispo County, California, San Luis Obispo, and Imperial County, California, Imperial counties. Although geographically smaller than Northern California in land area, Southern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralphs Grocery Co
Ralphs is an American supermarket chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Foods Co. names in California. History Ralphs Grocery Company was founded in 1873 in Los Angeles by George Albert Ralphs and his brother, Walter Benjamin Ralphs. Ralphs teamed with S. A. Francis in 1873 to open the Ralphs & Francis store at 5th and Hill – an area which would become the Historic Core of the city in the early 20th century, but was then a mostly residential area with many single-family houses. In 1875, Ralphs’s brother Walter bought out Francis’s share, and the business became the Ralphs Bros. Grocers, specializing in produce. The business boomed. In 1876, they constructed a two-story building at the southwest corner of Sixth and Spring. In the 20th century, Ralphs became a grocery pioneer, offering self-service markets with checko ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phoenix, Arizona
Phoenix ( ) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona. With over 1.6 million residents at the 2020 census, it is the List of United States cities by population, fifth-most populous city in the United States and the List of capitals in the United States, most populous state capital in the country. Phoenix is the most populous city of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley and Arizona Sun Corridor. The metro area is the Metropolitan statistical area, 10th-largest by population in the United States with approximately 4.95 million people , making it the most populous in the Southwestern United States. Phoenix, the seat of Maricopa County, Arizona, Maricopa County, is the largest city by population and area in Arizona, with an area of , and is also the List of United States cities by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smitty's (retailer)
Smith's Food and Drug, or simply Smith's, is an American regional supermarket chain that was founded by Lorenzo Smith in 1911 in Brigham City, Utah. Headquartered in Salt Lake City with stores in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming, Smith's became a subsidiary of Kroger in 1998. History Beginning Smith's Food & Drug began in 1911 when Lorenzo Smith opened a small dry goods store in Brigham City, Utah. It was replaced with a larger store across the street in 1922 and renamed "Smith & Son's Market" in 1932. When his son Dee Glen Smith joined the business after serving in World War II, he began immediately expanding it. The company's growth ramped up exponentially from 1946 to 1958. It changed its name to Smith's Super Market in 1952. When Dee Smith took over as president upon his father's death in 1958, he determined Brigham City was saturated, and felt the only option was to expand to other markets. Through partnerships and acquisitions, Dee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alpha Beta
Alpha Beta was a chain of supermarkets in the Southwestern United States. Stores under this brand existed between 1917 and 1995. Former Alpha Beta stores have all been purchased by other grocery chains and rebranded. History Before Alpha Beta was the name of a store, it was the name of a marketing concept used in grocery stores founded by Albert and Hugh Gerrard. It referred to organizing the groceries in the store in alphabetical order. The Gerrards applied this idea to their flagship grocery store, Triangle Grocerteria, in 1915. Then in 1917, they opened the first Alpha Beta store in Pomona, in eastern Los Angeles County, California. The company also launched a series of coffee shops named Alphy's (a knockoff of the more formal Alpha Beta name) with dozens around southern California. They were eventually sold; many became Denny's. The company was bought by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boys Markets
Ralphs is an American supermarket chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Foods Co. names in California. History Ralphs Grocery Company was founded in 1873 in Los Angeles by George Albert Ralphs and his brother, Walter Benjamin Ralphs. Ralphs teamed with S. A. Francis in 1873 to open the Ralphs & Francis store at 5th and Hill – an area which would become the Historic Core of the city in the early 20th century, but was then a mostly residential area with many single-family houses. In 1875, Ralphs’s brother Walter bought out Francis’s share, and the business became the Ralphs Bros. Grocers, specializing in produce. The business boomed. In 1876, they constructed a two-story building at the southwest corner of Sixth and Spring. In the 20th century, Ralphs became a grocery pioneer, offering self-service markets with checko ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
