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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 1946, he shortened the company name to H-E-B. In 1952, H-E-B opened its first supermarket in Corpus Christi then a new retail store concept where a shopper could purchase meat, fish, produce, baked goods, and personal care products under a single roof. [1] Butt gradually transitioned control of the company to his two sons.
Pages in category "Family-owned companies of the United States" The following 168 pages are in this category, out of 168 total. This list may not reflect recent changes .
Expect to bag your own groceries and pay around 10-20% less for your favorite H-E-B products. You Might Also Like 15 Best Denim Jacket Outfit Ideas to Pull from Your Closet
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.
The supermarket companies in the United States are organized in this article, but to see a worldwide list, see List of supermarket chains. This is a list of supermarket companies in the United States and the names of supermarkets which are owned or franchised by these companies. For supermarkets worldwide, see List of supermarket chains.
These are companies totally or significantly owned (directly or indirectly) by their employees. [1] Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2]