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In February 2021, Gelson's Markets was acquired by Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers Don Quijote and Marukai Corporation. References
Feb 24, 2021 · Gelson’s, the upscale chain that operates 27 stores in Southern California, is being sold to Japanese retailer Pan Pacific International Holdings (PPIH), according to a press release. Financial terms of the acquisition between PPIH and Gelson’s parent company, TPG Capital, were not disclosed.
Feb 23, 2021 · The upscale grocery store Gelson’s Markets is being acquired by Pan Pacific International Holdings, the parent company of Marukai Corp. and Tokyo Central. Terms of the deal with TPG...
- Samantha Gowen
Feb 24, 2021 · Southern California grocer Gelson’s Markets is being acquired from owner TPG Capital by Tokyo-based Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers Don...
Japanese retailer Pan Pacific International Holdings (PPIH) has entered into a definitive agreement to acquire Gelson’s Markets, signaling a possible period of accelerating growth for the upscale California grocery chain. The deal is expected to close in the second quarter of 2021.
In 1948, 43 Van’s Markets joined forces with eight stores owned by the Mayfair Companies, and the name of the chain became Mayfair Markets. The merged company, Arden-Mayfair Inc., acquired the Gelson’s stores in 1966 and continues as the parent company of Gelson’s Markets today as Arden Group, Inc. (NASDAQ: ARDNA).
Feb 24, 2021 · Gelson’s was acquired by TPG Capital in 2014. The brand has grown significantly over the seven-year partnership, expanding its footprint from 17 to 27 stores from Santa Barbara to San Diego. During this time, Consumer Reports ranked Gelson’s #1 in the West and #4 in the nation among 96 U.S. grocery brands.
