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Smart & Final is a chain of warehouse-style food and supply stores based in Commerce, California, which developed through a series of mergers and expansions. The oldest of the combined companies, Hellman, Haas & Co. , was founded in 1871 in Los Angeles .
Smart Foodservice Warehouse Stores operated as an independent division of Smart & Final, LLC between 2008 and 2020. In March 2020, US Foods agreed to acquire the Smart Foodservice Warehouse Stores from Apollo Global Management for $970 million. [3] In March 2021, US Foods rebranded all Smart Foodservice Warehouse stores as US Foods CHEF'STORE.
Joe V's Smart Shop was first established in 2010 after being inspired by Aldi's business model. The stores are about half the size of H-E-B with a more streamlined inventory.
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In September of that year, Casino gained control of Smart & Final Iris (i.e. the former Thriftimart, Inc.) by acquiring the combined 87% of the company's Class B stock owned by the founder's children Roger Laverty II, Robert Laverty, and Nancy Harris for $75 million. [15] [16] Class B shareholders controlled 5 of the company's 9 board seats. [17]
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The city of Los Angeles issued a $10,000 fine against Smart & Final and $5,000 fine against a security contractor for mistreatment of a Black shopper.