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Houchens Industries is an American employee-owned company, in business since 1917 when it began as a small grocery operated by founder Ervin Houchens in rural Barren County, Kentucky. The company is headquartered in Bowling Green, Kentucky. The company currently operates more than 325 retail grocery, convenience, and neighborhood market stores ...
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] An ESOP is an employee-owner method that provides a company 's workforce with an ownership interest in the company.
In 1953, the company name was changed to Associated Wholesale Grocers, Inc., (AWG) and the following year, AWG paid its first year-end patronage of $20,441 to members. Prior to 1954, members had received dividends on their stock, usually from .50-.75 per share. By the end of the 1960s, AWG had two new warehouses including one in Springfield.
Piggly Wiggly was the first self-service grocery store. [5] It was founded by Clarence Saunders on September 6, 1916 [6] (although it did not open until five days later due to delays in construction), [7] at 79 Jefferson Avenue in Memphis, Tennessee. [2]
Brad Maurice Kelley (born 1956) is an American businessman who is the 9th largest landowner in the U.S., [1] with an estimated net worth of US$2.2 billion in 2018. [2] He founded the Commonwealth Brands tobacco company in 1991 and sold the company in 2001 to Houchens Industries for US$1 billion. [3]
It is owned by Houchens Industries. The chain is not related to Jr. Food Mart (founded 1960), which is an outgrowth of the now-defunct Jitney Jungle supermarket chain and continues to operate convenience stores in Alabama, Mississippi, and Louisiana, or the now-defunct Jr. Food Stores chain based in Panama City, Florida (founded 1961), which ...
From 1998 to 2008, the company was owned by PNC Financial Services. Now the ownership is shared between Hilliard Lyons employees and Houchens Industries, based in Bowling Green, Ky. [2] Other companies under the Houchens include Stewart-Richey Construction, Inc., Tampico Beverages, Inc., Food Giant, and Hitcents. [3]
Price Rite is a chain of supermarkets found in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.Based in Keasbey, New Jersey, Price Rite is owned by New Jersey–based Wakefern Food Corporation, the cooperative behind ShopRite Supermarkets, Dearborn Market, and The Fresh Grocer.