A 100-percent employee-owned company, Bowling Green, Kentucky-based Houchens Food Group (HFG) operates in the grocery, convenience, hardware and restaurant industries. It has more than 400 locations across 15 states, including Kentucky, Indiana, Ohio, Tennessee and Alabama. HFG is a subsidiary of Houchens Industries Inc., one of the largest and most diversified wholly-owned S Corp employee […]
Tag: ESOP
Posted inIndependent Store News, News, West
Oliver’s Market Study Highlights Economic Benefits of Shopping Local
Santa Rosa, California-based Oliver’s Market has released findings from an updated economic impact study that shows the grocer continues to have a stronger economic impact in Sonoma County than non-local grocers and retailers of comparable size. Based on 2024 data, the “Supporting Local Businesses and Workers: Economic Impacts of Oliver’s Market” report is the fourth […]
Posted inIndependent Store News, Home Page Slider, West
Food 4 Less Franchisee PAQ Establishes An ESOP
Capstone Headwaters, an international investment banking firm, advised PAQ Inc., an independent franchisee of Stockton, California-based Food 4 Less grocery stores, on the creation of an Employee Owned Stock Ownership Plan (ESOP). Terms of the deal were not disclosed. “By selling 100 percent of the company stock to an ESOP, the company became federal and […]
Posted in, Home Page Latest News, Independent Store News, Midwest, Store News
E&H Family Group Sells Buehler’s Supermarkets To Employees
E&H Family Group, parent company of Ohio-based Buehler’s, has sold its 13 supermarkets to employees in the form of an employee stock ownership program (ESOP). All 2,100 employees will be retained in the transition, and eligible employees will become owners. All 13 supermarkets will remain open with the same hours of operation. “This was a […]
Posted inWest, Home Page Latest News, Independent Store News, Industry News, Market Profile, Shelby Content, Shelby Signature Content
Oliver’s Market Reaffirms Its Focus On Community With Launch Of ESOP
by Alissa Marchat/staff writer Oliver’s Market, Sonoma County’s largest locally owned and independent grocer, in early June celebrated the sale of 43 percent of the company to employees through an employee stock ownership plan (ESOP). The company also registered with the state of California as a social purpose corporation, allowing leadership to consider employees, the […]
Posted inIndustry News, Home Page Latest News, Independent Store News, Store News, West
Oliver’s Market Sells Portion Of Company To Employees
Oliver’s Market, the largest locally-owned grocer in Sonoma County, California, has sold 43 percent of the company to employees through an Employee Stock Ownership Plan (ESOP). The four-store chain also registered with the state of California as a Social Purpose Corporation, allowing leadership to consider employees, the environment and the community in addition to financial position […]
Posted in, Independent Store News, Midwest
Festival Foods’ Skogen Is Wisconsin Grocer Of The Year
On July 28, the Wisconsin Grocers Association (WGA) presented Mark Skogen, president and CEO of Festival Foods, with the state’s 2014 Grocer of the Year award. WGA President and CEO Brandon Scholz, Supervalu’s Jeff McClure (who nominated Skogen for the award) and Marlin Greenfield of Festival Foods worked together to ensure the award was a surprise. Skogen is […]