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Bristol Farms
Company typeSubsidiary
IndustryRetail
Founded1982 Rolling Hills Estates, California
HeadquartersCarson, California
Key people
Adam Caldecott
President & CEO
ParentGood Food Holdings (2020–present)
Websitebristolfarms.com
lazyacres.com
Bristol Farms store on Sunset Boulevard in West Hollywood, California

Bristol Farms is an upscale grocery store chain in California, United States. Founded in Los Angeles County, Bristol Farms operates 19 stores: 13 as Bristol Farms locations and 6 branded as Lazy Acres Markets throughout Southern California.[1][2] The company is currently owned by Good Food Holdings.[3]

History

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Early history

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Bristol Farms opened its first store in 1982 in Rolling Hills Estates, California. The company was started by Irv Gronsky and Mike Burbank, who had worked together for almost twenty years in the food industry. Their vision was to combine the service and food quality of a corner grocer, butcher, and baker with the theatre of Harrods in London.[4] The first store was an overwhelming success.

The company went on to add stores in California. In June 1999, they acquired a famous landmark, the Chalet Gourmet in West Hollywood, California.

Owned by Albertsons, Inc.

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In 2004, Bristol Farms was purchased by Albertsons, Inc.[5]

In October 2005, Bristol Farms purchased Santa Barbara-based Lazy Acres.[6] Independently owned, the Lazy Acres store was sold to Bristol Farms allegedly as a defensive move against Whole Foods' pending arrival in Santa Barbara. This was Bristol Farms' first location in Santa Barbara. The 28,000-square-foot (2,600 m2) Lazy Acres store itself continues to operate under its original format. The Bristol Farms name does not appear on Lazy Acres signage or advertisements.[7] The Long Beach Bristol Farms was converted into a second Lazy Acres in November 2012.

In 2006, Bristol Farms opened its doors at the newly expanded Westfield San Francisco Centre in downtown San Francisco. The San Francisco site covered over half of the concourse in the mall's lower level. This location closed on January 27, 2017, leaving Bristol Farms without a location in Northern California.[8]

Four former Albertsons locations have been converted into Bristol Farms: one in San Diego's La Jolla neighborhood, the second in Palm Desert (which originally opened as Lucky), a third location in Los Angeles' Westchester neighborhood (which had also been a Lucky), and a fourth in Santa Monica.[9] In 2020, Bristol Farms replaced a Vons in La Cumbre Plaza in Santa Barbara and opened its first store in the area.[10]

Owned by Cerberus Capital

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On June 2, 2006, Bristol Farms' parent company, Albertsons, Inc., was purchased by investors led by Cerberus Capital Management and Supervalu, Inc. Upon the transaction's close, Bristol Farms became a wholly owned subsidiary.[11]

On November 12, 2008, Bristol Farms opened its 17th location.[12] This 30,000-square-foot (2,800 m2) location, unlike many Bristol Farms' then-current locations, was built new from the ground up. The store is located in the Bridgeport Marketplace mixed-use shopping center within the Bridgeport residential neighborhood in Santa Clarita, California. New features at this location are individual "shops" with full façades and themed props, a fresh juice and smoothie counter, a fresh sushi department with sushi made onsite every day, a coffee bar, and an eat-in café. The wine area, with its four walls, wine racks, and roof trellis, resembles a specialty wine boutique. Over 1,500 sq ft (140 m2) of hand-painted murals by studio artists at D.L. English Design depict picturesque scenes of the Santa Clarita Valley throughout the store.

Independently owned

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On October 29, 2010, Cerberus announced that it had sold the Bristol Farms chain to a new company formed by a private investment firm, Endeavour Capital, and the chain's management team.[13]

Owned by Good Food Holdings, Inc.

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In 2012, Good Food Holdings acquired Metropolitan Market of Seattle. [14]

Bristol Farms, Lazy Acres Market, and Metropolitan Market are all sister companies currently owned by California-based private holding company Good Food Holdings, Inc.

Good Food Holdings, Inc. was acquired in 2018 by Emart, South Korea's largest retailer, for $275 million.[15]

In December 2019, owner Endeavour Capital announced that it would be selling the grocery chain New Seasons Market to E-mart, specifically to its subsidiary, Good Food Holdings, in a sale transaction that was finalized in early 2020. Details of the transaction include the retention of CEO Forrest Hoffmaster who will continue running the business, the continuance of the organization as a B Corp, the halt of existing plans for expanding the chain, and the closure of the store located in the Ballard neighborhood in Seattle.[16][17][18]

Lazy Acres Market, Inc.

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Lazy Acres Market Inc. is a small chain of six grocery stores known for selling natural and organic foods, gourmet foods, supplements, body care products, and eco-friendly goods. The stores, in Santa Barbara, Hermosa Beach, Long Beach, Encinitas, Los Feliz and San Diego (Mission Hills) are owned and operated by Bristol Farms. The original Santa Barbara store was founded in 1991 by Jimmy Searcy, Hugo van Seenus, and Irwin Carasso. Their second location opened in 2012 in Long Beach, California.[19] The most recent store opening was in Los Feliz in July 2023.[20]

References

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  1. ^ "All locations". Bristol Farms. Retrieved 2021-03-05.
  2. ^ "About Us". Lazy Acres. 16 November 2020. Retrieved 2021-03-05.
  3. ^ "About". Good Food Holdings. Retrieved 2021-03-05.
  4. ^ Carroll, Bonnie (22 August 2020). "Bristol Farms Market Opens In Santa Barbara". Edhat. Retrieved 2021-03-02.
  5. ^ Peltz, James F (22 September 2004). "Albertsons Moves Upscale With Bristol Farms Purchase". Los Angeles Times. Retrieved 2020-05-18.
  6. ^ Zwiebach, Elliot (5 December 2005). "Bristols Farms Buys Natural Retailer". Supermarket News. Retrieved 2020-05-18.
  7. ^ "Bristol Farms Company Profile". Dun & Bradstreet. Retrieved 2021-03-05.
  8. ^ Barmann, Jay (12 January 2017). "Bristol Farms Calls It Quits After 10 Years At Westfield Mall". SFist. Archived from the original on July 27, 2020. Retrieved 2020-05-18.
  9. ^ "Bristol Farms Company Profile". Bloomberg. Retrieved 2021-03-05.
  10. ^ "Hello Santa Barbara!". Bristol Farms. Retrieved 2021-03-05.
  11. ^ "BRISTOL FARMS Revenue, Growth & Competitor Profile". Incfact. Retrieved 2021-03-05.
  12. ^ "Bristol Farms Grocery Stores". Calabasas Chamber of Commerce. Retrieved 2021-03-05.
  13. ^ "UPDATE 1-Supervalu sells upscale Bristol Farms chain". Reuters. 29 October 2010. Retrieved 2020-05-18.
  14. ^ "Metropolitan Market Joins Good Food Holdings". 20 August 2012.
  15. ^ Allen, Anne (7 December 2018). "Emart Acquires Good Food Holdings for $275 Million". And Now U Know. Retrieved 2020-08-12.
  16. ^ Rogoway, Mike (December 10, 2019). "Upscale Portland grocer New Seasons sold to South Korean company, scraps expansion plans". The Oregonian. Retrieved December 10, 2019.
  17. ^ "Natural retailer New Seasons Market sold to Good Food Holdings". Supermarket News. 2019-12-10. Retrieved 2020-02-24.
  18. ^ Davidson, Kate. "New Seasons Market Selling To Good Food Holdings". Oregon Public Broadcasting. Retrieved 2020-02-24.
  19. ^ "Bristol Farms' Lazy Acres to Open Second CA Store". Progressive Grocer. 11 October 2012. Retrieved 2020-05-18.
  20. ^ "Los Feliz". Lazy Acres Natural Market. 2023-03-09. Retrieved 2023-07-31.
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