Kings Food Markets is an American food market chain headquartered in Parsippany, New Jersey, with stores in northern New Jersey, New York, and Connecticut.
Company type | Private |
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Industry | Retail |
Founded | Summit, New Jersey, 1936 |
Headquarters | Parsippany, New Jersey , United States |
Number of locations | 19 stores (2021) |
Area served | Connecticut, New Jersey, New York |
Products | Grocery |
Revenue | $400 million USD (2016) [1] |
Owner | Marks & Spencer (1988–2006)
Angelo, Gordon & Co. (2006–2016) KB Holding (GSSG Capital) (2016–2020) Albertsons (2021–present) |
Website | kingsfoodmarkets |
From 1988 to 2006, it was owned by British retailer Marks & Spencer.[2]
In 2009, Kings acquired Balducci's.[3] In 2016, Kings and Balducci's were sold by Angelo, Gordon & Co. and MTN Capital Partners to GSSG Capital.[4]
The upscale market branded private label products under the Kings Own brand name.[5]
During the COVID-19 pandemic in 2020, the market drew national attention for its policy on mask-wearing: when a customer entered the store without wearing a mask, they were given a mask and the CEO's phone number.[6]
On August 23, 2020, Kings filed for bankruptcy[7] and on October 14, 2020, it was announced that Albertsons submitted a winning $96M bid for the company.
On December 7, 2020, Kings closed their location in Maplewood, New Jersey, after being in Maplewood since 1942.[8] On the same day the Maplewood location closed, Kings announced their locations in Long Hill, New Jersey, and on River Street in Hoboken New Jersey, will close.[9][10] These locations closed in late December 2020.
On January 15, 2021, Kings announced that their locations in Bernardsville, New Jersey, and in Warren Township, New Jersey, will close.[11] These locations closed on January 23, 2021. On February 23, 2021, Kings shuttered its location in Ridgewood, New Jersey.