Kings Food Markets

Kings Food Markets
Industry Retail
Founded Summit, New Jersey, 1936
Headquarters Parsippany, New Jersey, United States of America
Number of locations
24 stores (2010)
Area served
New Jersey, Connecticut
Key people

Rich Durante, President

Judith Spires, CEO
Products Grocery
Revenue $405.9 million USD (2005)
Owner Angelo, Gordon & Co. and MTN Capital Partners

Kings Food Markets is an upscale food market chain headquartered in Parsippany, New Jersey, with stores in northern New Jersey, New York, and Connecticut. Founded in 1936, Kings was bought by UK retailer Marks & Spencer in 1988 and later sold to a US investor group consisting of Angelo, Gordon & Co. and MTN Capital Partners LLC in 2006.

As of 2016, Kings' New Jersey competitors include ShopRite and Stop & Shop. The chain operates either in, or in close proximity to, affluent suburban towns, and its stores offer a mix of upscale and traditional grocery items.

In the 1980s, Kings among the final supermarket chains to offer traditional S&H Green Stamps.

Kings was acquired by the British firm Marks and Spencer plc in 1988 but achieved little in terms of expansion into new affluent areas. Marks and Spencer plc later made a number of attempts to sell the chain, putting its desire to further invest into doubt. New York-based Gristedes made a bid for Kings, but the later was eventually sold in 2006 to a US investor group.

In 2009, King's acquired Balducci's. [1]


This article is issued from Wikipedia - version of the 10/10/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.