Chatham (grocer)
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| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | mid-1950s Michigan, United States |
| Founder | Royal Supermarkets |
| Defunct | 1986 |
| Fate | Defunct |
| Headquarters | |
Key people | Alex Dandy |
| Products | Groceries |
| Owners | Last owner Alex Dandy |
Chatham was a supermarket chain, now-defunct, headquartered in southeastern Michigan, United States. Founded by Royal Supermarkets in the mid-1950s,[citation needed][clarification needed] Chatham was often compared to Kroger in size and selection. Typical of many grocery stores of its time, Chatham was unable to keep up with big-box grocery competitors, including Michigan-based Meijer. Kroger subsequently purchased former Chatham locations after the chain went out of business.
Demise
[edit]In 1986, Chatham was then owned by Nu-Trax, Inc., headed by Wendell Smith.[1] In March 1986, the company was purchased by Alex Dandy, a businessman who owned Hamady Brothers food chain in Flint, Michigan.[2] Dandy illegally diverted assets of the company to his personal benefit, and Chatham was forced to file for bankruptcy in 1987.[1] Dandy was convicted in 1991, of tax offenses, mail fraud, bankruptcy fraud, and obstruction of justice.[1] He died in 2003.[3]
References
[edit]- ^ a b c United States of America, Plaintiff-appellee, v. Alex Dandy, Defendant-appellant, 998 F.2d 1344 (6th Cir. 15 September 1993).
- ^ Henderson, Tom (1 June 1992). "The looting of Chatham. (Alex Dandy convicted for plundering Chatham Supermarkets Inc.)". Corporate Detroit. Archived from the original on 20 July 2012. Retrieved 20 May 2012.
- ^ "Obituaries: Alex Dandy". Supermarket News. 22 December 2003. Retrieved 20 May 2012.
External links
[edit]Chatham memories - site for former Chatham employees. Includes history of company
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- Retail companies established in the 1950s
- Retail companies disestablished in 1987
- Defunct companies based in Michigan
- Defunct supermarkets of the United States
- Bankrupt companies of the United States
- Companies that have filed for Chapter 11 bankruptcy
- Companies that filed for Chapter 11 bankruptcy in 1987
- 1987 disestablishments in Michigan
- United States retail company stubs