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In 2011, the company was #12 on Forbes's list of "America's Largest Private Companies". [20] H-E-B is the largest privately held company and largest private employer in Texas. [21] H-E-B acquired Favor Delivery as a wholly-owned subsidiary in February 2018. The details of the merger were not disclosed. [22]
Charles Clarence Butt was born on February 3, 1938, the son of Howard Edward Butt Sr. and Mary Elizabeth Holdsworth, and the grandson of Florence Butt, who founded H-E-B in 1905. [2] Butt graduated from University of Pennsylvania's Wharton School with a bachelor's degree, where he joined the Sigma Chi fraternity.
In 1934, after a destructive Texas hurricane, he founded the Howard E. Butt Community Investment Program whereby H-E-B would contribute 5% of its pretax earnings to various nonprofit organizations throughout Texas. Also in 1934, he established the H.E. Butt Foundation, [1] one of the first charitable organizations in Texas. The foundation ...
The Walton family currently holds 45.5% of its shares outstanding, according to LSEG data. SCHWARZ GROUP: The parent company of German supermarket chains Lidl and Kaufland is owned by Dieter ...
Texans will defend H-E-B until their dying breath—and for good reason. The supermarket chain is renowned for their freshness, their high quality private label products, and their commitment to ...
Supermercados Internacionales HEB, S.A. de C.V. is the Mexican division of H-E-B, a private supermarket chain based in San Antonio, Texas, U.S. It competes mainly with Soriana, Walmart México, Bodega Aurrerá, S-Mart, Chedraui and Casa Ley. In 1997, H-E-B opened the first store in Monterrey.
All data comes from the Family Business Index 500 report by the British auditing firm Ernst & Young and the University of St. Gallen, which lists the 500 largest family businesses in the world. All 500 companies on the list had a combined turnover of $7.3 trillion in 2020.
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