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La Cadena Investments Inc. La Cadena Investments, Inc. was founded in 1983. The Company's line of business includes the retail sale of a range of canned foods and dry goods.
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Stater Bros. is a private company owned by La Cadena Investments, a general partnership majority owned by the chain's chairman, chief executive officer, and president, Jack H. Brown. 1930s Origins. Stater Bros. was founded by twin brothers Cleo and Leo Stater in 1936.
- 1930s Origins
- Innovations and New Owners: 1950s to The Mid-1980S
- From Private to Public and Back Again: Mid- to Late 1980s
- Continued Success in The 1990s and Beyond
- Further Reading
Stater Bros. was founded by twin brothers Cleo and Leo Stater in 1936. At the time, 24-year-old Cleo, a high school dropout, was working at a small grocery store in Yucaipa, California, earning ten cents a hour to man the cash register, stack the shelves, work the meat counter, and sweep the floor. The owner, W.A. Davis, told the young man that he ...
In other ways, Stater Bros. was also ahead of its time. During the 1950s, nine of their stores featured coffee shops to offer dining to their customers. One of the two San Bernardino stores included a restaurant on a second floor balcony overlooking the shoppers. In 1951, the company headquarters was moved to a Colton, where a 9,000-square-foot off...
From the start, the new owners of Stater Bros. talked about eventually taking the chain public. In 1985, the company took steps to prepare for an initial offering of stock, forming a holding company to make the offering and house the subsidiaries. Kidder Peabody was contracted to serve as the lead underwriter. Brown began to conduct road shows late...
By the 1990s, Stater Bros. was generating more than $1 billion in annual revenues, but as one of only a handful of locally owned and relatively small grocery chains it faced a challenging retail environment. Smith's Food & Drug, a Salt Lake-based chain, moved into the southern California market early in the decade. The Utah outfit was expected to o...
Ascenzi, Joseph, "Cleo Stater Co-Founder of Grocery Chain Started What Has Become a Regional Power," Business Press, April 20, 1998, p. 14. Coupe, Kevin, "Stater Bros.: Relentlessly Mainstream, Relentlessly Successful," Progressive Grocer, May 1996, p. 76. Greenberg, David, "Stater Bros. Stays Out of Cities, Makes Peace with Union," San Diego Busin...
In 1983, after creating La Cadena Investments, Brown leveraged La Cadena’s purchase of Stater Bros. from Petrolane. Under Brown’s guidance, Stater Bros. continued to operate out of its established warehouse in southeast Colton, proximate to the city limits with Grand Terrace, withstood a hostile takeover bid in 1986 and 1987 and pressed ...
Nov 20, 2023 · This first Amendment amends notice number 2022-02806 filed on 11/22/22 to add La Cadena Investments LLC as a Violator. NOTE: This notice is withdrawn by the issuer as to La Cadena Investments, Inc. in an email to the Office of the Attorney General dated March 17, 2024.
Mar 31, 2024 · LA CADENA INVESTMENTS LLC is a California Limited-Liability Company - Ca filed on August 21, 2019. The company's filing status is listed as Active and its File Number is 201923510647. The Registered Agent on file for this company is Irving M. Chase and is located at 129 West Wilson Street Suite 100, Costa Mesa, CA 92627.
- CA
Jan 3, 2016 · • 1997: La Cadena Investments, headed by Jack Brown, becomes sole stockholder of Stater Bros. • 1999: Stater Bros. acquires 43 new supermarket locations, including 33 former Albertsons ...
