Kings Food Markets

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Kings Food Markets
Revenue$400 million USD (2016) [1]
OwnerMarks & Spencer (1988–2006)

Angelo, Gordon & Co.
(2006–2016)

KB Holding (

GSSG
Capital) (2016–2020)

Albertsons (2021–present)
Websitekingsfoodmarkets.com

Kings Food Markets is an American food market chain headquartered in

Parsippany, New Jersey, with stores in northern New Jersey, New York, and Connecticut
.

From 1988 to 2006, it was owned by British retailer Marks & Spencer.[2]

In 2009, Kings acquired

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. On February 23, 2021, Kings shuttered its location in Ridgewood, New Jersey.

References

  1. ^ "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. 2016-08-10. Retrieved 2019-06-08.
  2. ^ "M&S sells Kings supermarket chain to US consortium". Citywire.
  3. ^ "Balducci's Sold - WestportNow.com - Westport, Connecticut". www.westportnow.com.
  4. ^ "Breaking News: Angelo, Gordon Sells Kings, Balducci's To Investment Company; Spires Remains CEO". foodtradenews.com. 2016-08-10. Retrieved 2019-06-08.
  5. Passaic Herald-News
    . Retrieved 12 December 2020.
  6. ^ 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.
  7. ^ Sheldon, Chris (2020-08-28). "N.J.-based owner of Kings supermarkets files for bankruptcy". nj. Retrieved 2020-09-25.
  8. ^ King, Rebecca. "Kings Food Market in Maplewood, open since 1942, has permanently closed". North Jersey Media Group. Retrieved 2021-01-07.
  9. ^ "Kings Hoboken South Grocery Store To Shut In December". Hoboken, NJ Patch. 2020-11-25. Retrieved 2021-01-07.
  10. ^ Sheldon, Chris (2020-12-08). "Kings Food Markets location shuttered, 2 more in N.J. also closing". nj. Retrieved 2021-01-07.
  11. ^ "Warren, Bernardsville Food Markets To Close Next Week". Warren, NJ Patch. 2021-01-14. Retrieved 2021-01-15.
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