Kings Food Markets is an American food market chain headquartered in Parsippany, New Jersey, with stores in northern New Jersey, New York, and Connecticut.
 | |
| 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 (GSSG Capital) (2016–2020) Albertsons (2021–present) |
| Website | kingsfoodmarkets |
From 1988 to 2006, it was owned by British retailer Marks & Spencer.[2]
In 2009, Kings acquired Balducci's.[3] In 2016, Kings and Balducci's were sold by Angelo, Gordon & Co. and MTN Capital Partners to GSSG Capital.[4]
The upscale market branded private label products under the Kings Own brand name.[5]
During the COVID-19 pandemic in 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 for bankruptcy[7] and on October 14, 2020, it was announced that Albertsons submitted a winning $96M bid for the company.
On December 7, 2020, Kings closed their location in Maplewood, New Jersey, after being in Maplewood since 1942.[8] On the same day the Maplewood location closed, Kings announced their locations in Long Hill, New Jersey, and on River Street in Hoboken New Jersey, will close.[9][10] These locations closed in late December 2020.
On January 15, 2021, Kings announced that their locations in Bernardsville, New Jersey, and in Warren 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.com. 2016-08-10. Retrieved 2019-06-08.
- ^ "M&S sells Kings supermarket chain to US consortium". Citywire.
- ^ "Balducci's Sold - WestportNow.com - Westport, Connecticut". www.westportnow.com.
- ^ "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. 2016-08-10. Retrieved 2019-06-08.
- ^ Verdon, Joan (September 16, 2015). "Kings Food Markets expands private label". Passaic Herald-News. Retrieved 12 December 2020.
- ^ Bartiromo, Michael (August 18, 2020). "Kings Food Markets CEO is giving phone number to customers who disagree with mask mandate". FOX News. Retrieved 12 December 2020.
- ^ Sheldon, Chris (2020-08-28). "N.J.-based owner of Kings supermarkets files for bankruptcy". nj. Retrieved 2020-09-25.
- ^ King, Rebecca. "Kings Food Market in Maplewood, open since 1942, has permanently closed". North Jersey Media Group. Retrieved 2021-01-07.
- ^ "Kings Hoboken South Grocery Store To Shut In December". Hoboken, NJ Patch. 2020-11-25. Retrieved 2021-01-07.
- ^ Sheldon, Chris (2020-12-08). "Kings Food Markets location shuttered, 2 more in N.J. also closing". nj. Retrieved 2021-01-07.
- ^ "Warren, Bernardsville Food Markets To Close Next Week". Warren, NJ Patch. 2021-01-14. Retrieved 2021-01-15.