Who Owns Kings Food Markets?
Kings Food Markets is an upscale grocery banner owned by Albertsons Companies, Inc. (NYSE: ACI). Founded in 1936 in New Jersey, Kings operates premium supermarkets across northern New Jersey and New York emphasizing gourmet and prepared foods.
Parent Company
Founded
1936
Status
Publicly Traded
Headquarters
Who Owns Kings Food Markets?
- Parent Company: Albertsons Companies, Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: ACI
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Kings Food Markets | Albertsons Companies, Inc. | Wholly owned |
History of Kings Food Markets
- Founded: 1936
- Founders: Kings family (New Jersey)
Kings Food Markets was founded in 1936 in New Jersey as an upscale neighborhood grocer emphasizing premium fresh and prepared foods. It was acquired by Albertsons in 2016 and operates as the premium New Jersey/New York banner alongside Balducci's.
About Albertsons Companies, Inc.
Is Albertsons publicly traded?
Yes. Albertsons Companies trades on the NYSE under ticker ACI. It went public in June 2020; Cerberus Capital Management remains a significant shareholder.
Did Kroger buy Albertsons?
No. The $24.6 billion merger was terminated December 11, 2024, after federal and state courts granted injunctions on antitrust grounds. Albertsons subsequently sued Kroger over the termination.
Who is the CEO of Albertsons?
Susan Morris has been CEO since May 1, 2025, succeeding Vivek Sankaran.
What grocery stores does Albertsons own?
Albertsons operates 22 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Carrs, Haggen, Kings Food Markets, and Balducci's.
- Founded: 1939
- Headquarters: Boise, Idaho, USA
- Company Type: Publicly Traded
- Stock: NYSE: ACI
- Revenue: approximately $79 billion (FY2025)
- Employees: Approximately 197,000
Where Is Kings Food Markets Made / Based?
- Headquarters: Parsippany, New Jersey, USA
Kings Food Markets Categories & Tags
Kings Food Markets Sustainability & Ethics
Kings Food Markets participates in Albertsons' corporate sustainability programs including food-waste reduction, responsible sourcing, and the company's own-brands sustainability standards.
Awards & Recognition
Kings Food Markets is recognized as part of Albertsons' banner portfolio, carrying regional market leadership in its operating footprint.
Kings Food Markets Recalls & Controversies
As part of Albertsons' retail operations, Kings Food Markets participates in the company's standard product recall and food safety protocols. Banner-level controversies are managed at the Albertsons corporate level.
Brands Owned by Albertsons Companies, Inc.
Retail EcommerceACME Markets
Owned by Albertsons Companies, Inc.
Albertsons Companies' Philadelphia-region grocery banner, a Northeast supermarket chain since 1891.
grocery-bannersupermarketgrocery
Retail EcommerceAlbertsons
Owned by Albertsons Companies, Inc.
The flagship grocery banner of Albertsons Companies, operating supermarkets across the Western and Southwestern United States.
grocery-bannersupermarketgrocery
Retail EcommerceBalducci's
Owned by Albertsons Companies, Inc.
Albertsons Companies' gourmet food market banner, a New York specialty grocer with roots dating to 1916.
grocery-bannersupermarketgrocery
Retail EcommerceCarrs
Owned by Albertsons Companies, Inc.
Albertsons Companies' Alaska grocery banner, the state's dominant supermarket chain since 1950.
grocery-bannersupermarketgrocery
Retail EcommerceHaggen
Owned by Albertsons Companies, Inc.
Albertsons Companies' Pacific Northwest grocery banner, a Bellingham-founded supermarket chain since 1933.
grocery-bannersupermarketgrocery
Retail EcommerceJewel-Osco
Owned by Albertsons Companies, Inc.
Albertsons Companies' Chicago-market grocery banner, the region's leading supermarket chain since 1899.
grocery-bannersupermarketgrocery
Kings Food Markets Ownership: Pros & Cons
Advantages
- +Backed by Albertsons' 2,200-plus store scale, supply chain, and private label program
- +Regional brand recognition and loyalty built over decades
- +Benefits from Albertsons' digital growth (up 21 percent FY2025) and pharmacy expansion
Considerations
- -Operates in a thin-margin grocery market facing Walmart and discounter pressure
- -Subject to Albertsons' post-merger cost and investment priorities
- -Regional exposure concentrates risk in specific consumer markets
Frequently Asked Questions About Kings Food Markets
Sources & Further Reading
Competitors to Kings Food Markets
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Albertsons | USA | 1891 | Regional leader | United states | All-consumers | |
| Albertsons | USA | 1939 | Market leader | United states | All-consumers | |
| Albertsons | USA | 1916 | Regional leader | United states | All-consumers | |
| Albertsons | USA | 1950 | Regional leader | United states | All-consumers | |
| Albertsons | USA | 1933 | Regional leader | United states | All-consumers | |
| Albertsons | USA | 1899 | Market leader | United states | All-consumers |
Learn More About Competitors
Retail EcommerceACME Markets
Owned by Albertsons Companies, Inc.
Albertsons Companies' Philadelphia-region grocery banner, a Northeast supermarket chain since 1891.
grocery-bannersupermarketgrocery
Retail EcommerceAlbertsons
Owned by Albertsons Companies, Inc.
The flagship grocery banner of Albertsons Companies, operating supermarkets across the Western and Southwestern United States.
grocery-bannersupermarketgrocery
Retail EcommerceBalducci's
Owned by Albertsons Companies, Inc.
Albertsons Companies' gourmet food market banner, a New York specialty grocer with roots dating to 1916.
grocery-bannersupermarketgrocery
Retail EcommerceCarrs
Owned by Albertsons Companies, Inc.
Albertsons Companies' Alaska grocery banner, the state's dominant supermarket chain since 1950.
grocery-bannersupermarketgrocery
Retail EcommerceHaggen
Owned by Albertsons Companies, Inc.
Albertsons Companies' Pacific Northwest grocery banner, a Bellingham-founded supermarket chain since 1933.
grocery-bannersupermarketgrocery
Retail EcommerceJewel-Osco
Owned by Albertsons Companies, Inc.
Albertsons Companies' Chicago-market grocery banner, the region's leading supermarket chain since 1899.
grocery-bannersupermarketgrocery
Competitive Analysis
Market Positioning: Kings Food Markets competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to Kings Food Markets
Looking for brands with different ownership structures? These similar brands are not owned by Albertsons Companies, Inc., giving you alternative choices that support different corporate structures.
Retail EcommercePublix
Owned by Publix Super Markets, Inc.
Employee-owned southeastern U.S. supermarket chain founded in 1930, operating more than 1,400 stores and famous for its Pub Sub deli sandwich.
supermarketgroceryemployee-owned
Privately Owned
Publix is privately owned, unlike Kings Food Markets which is under a publicly traded parent company.
Retail EcommerceTrader Joe's
Owned by ALDI SÜD
American grocery retail brand known for specialty foods and private-label products owned by Aldi.
groceryretailspecialty-foods
Privately Owned
Trader Joe's is privately owned, unlike Kings Food Markets which is under a publicly traded parent company.
Retail EcommerceAsda
Owned by EG Group
British supermarket chain offering groceries, clothing, and general merchandise, owned by TDR Capital and the Issa brothers since 2021.
supermarketgroceryretail
Privately Owned
Asda is privately owned, unlike Kings Food Markets which is under a publicly traded parent company.
Retail EcommerceJoann
Owned by Joann Inc.
American fabric and craft supplies retailer offering sewing, quilting, and DIY materials and supplies.
fabriccraftssewing
Privately Owned
Joann is privately owned, unlike Kings Food Markets which is under a publicly traded parent company.
Retail EcommerceAldi
Owned by ALDI SÜD
German discount supermarket chain operating in 20+ countries under two separate privately held entities, ALDI SÜD and ALDI NORD, both owned by the Albrecht family.
supermarketdiscount-retailgrocery
Privately Owned
Aldi is privately owned, unlike Kings Food Markets which is under a publicly traded parent company.
Retail EcommerceAmazon
Owned by Amazon.com Inc.
American e-commerce marketplace launched in 1995 by Jeff Bezos. The flagship retail brand of Amazon.com Inc. and the largest online retailer in the United States.
ecommerceonline-marketplaceretail
Publicly Traded
Amazon operates independently without a large parent corporation.
Albertsons Companies, Inc. Stock Information
Jobs at Albertsons Companies, Inc.
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