Cardenas (pronounced [ˈkaɾðenas] CAR-den-əs) is a supermarket chain based in Ontario, California, United States, that specializes in Latin American cuisine. As of 2019[update], the company operates 49 Cardenas stores and seven Los Altos Ranch Markets stores in California, Arizona, and Nevada.[1]
 | |
| Industry | Retail |
|---|---|
| Founded | 1981 (California) 1998 (Nevada and Arizona) |
| Founder | Jesús and Luz Cárdenas |
| Headquarters | 2501 E. Guasti Rd. Ontario, California, United States |
Number of locations | 56 |
Area served | California, Arizona, Nevada |
| Products | Meat, produce, seafood, flowers, baked goods |
| Parent | Kohlberg Kravis Roberts |
| Website | cardenasmarkets |
History
editCardenas began in 1981 when Jesús Cárdenas, a farmworker from Jalisco, and his wife Luz opened their first grocery store in Ontario.[1] In 2016, Kohlberg Kravis Roberts purchased Cardenas along with San Jose–based Mi Pueblo Food Center. The two chains merged in July 2017, and Mi Pueblo stores were converted to Cardenas stores the following year.[2] In June 2022, it was announced that KKR would sell Cardenas to funds affiliated with Apollo Global Management for an undisclosed amount. Following the close of the deal, Apollo will combine Cardenas and Tony's Fresh Market, although both will continue to operate under their existing brands.[3]
Most of Cardenas Markets are located in the Inland Empire/Pomona Valley region in Southern California.
References
edit- ^ a b Katzanek, Jack (May 15, 2019). "Cardenas Markets opening 4 new stores in 2019, adding cafes, mini-restaurants". The Press-Enterprise. Riverside, California: DigitalFirst Media. Retrieved May 28, 2019.
- ^ Stoepfel, Bryce (February 14, 2018). "Mi Pueblo becomes Cardenas Market". Gilroy Dispatch. Gilroy, California: Metro Newspapers. Retrieved June 3, 2018.
- ^ Wells, Jeff; Silverstein, Sam (June 13, 2022). "Apollo to acquire Cardenas Markets". Grocery Dive. Retrieved June 30, 2022.