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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 Balducci's. [3]
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Pathmark was formed out of the Wakefern Food Corporation, parent company of ShopRite, Wakefern was both a wholesale operation and a retail operation; among its members was a subgroup, Supermarkets Operating Co., in Union, New Jersey, [4] formed in 1956 by Alex Aidekman, Herb Brody, and Milt Perlmutter. [5]
Waldbaum's operated full-service traditional supermarkets with varying footprints and store models and its popular marquee in certain aisles along with good food and reliable service. At its peak in the 1980s, it was the 12th largest supermarket chain in the United States and had 140 stores throughout the New York metropolitan area. [ 3 ]
More than two dozen Kings Food Markets and Balducci’s Food Lover’s Markets are being sold for $96.4 million in cash in a bankruptcy auction.
After a 20-year absence, Gristede's reentered the New Jersey market by opening more than ten supermarkets there, beginning in 2002. According to The Record, [citation needed] Catsimatidis was attracted to the market after researching a potential acquisition, Kings Super Markets Inc. Both chains had a similar customer base and similar approach.
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