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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. Company profile page for La Cadena Investments ...
- 35K
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...
Mar 28, 1994 · Under the purchase agreement, La Cadena Investments, which is controlled by Stater management and which owns 50% of the chain's stock, paid Craig $42 million to gain immediate voting control of ...
Founded in 1936 by twin brothers Leo and Cleo Stater, Stater Bros. is owned by chairman and CEO Jack Brown through La Cadena Investments. Read Less Key Principal: Phillip J Smith See more contacts
- 301 S Tippecanoe Ave, San Bernardino, 92408-0121
- Chairperson
Jul 25, 2011 · Petrolane sold the Stater chain in 1983 to Hampshire Industries, which took a 51% stake, and La Cadena Investments — a company headed by Brown — which took a 49% stake. The chain went public ...
Apr 3, 2007 · An additional $15 million would go toward buying back common stock and $5 million would be used to pay a dividend to the company's sole shareholder, Colton-based La Cadena Investments. Jack Brown, Stater Bros. Holdings Inc. chairman and chief executive officer, is the sole owner of La Cadena Investments.
