September 01, 2014 11:47 PM ET

Food and Staples Retailing

Company Overview of Grocery Outlet Inc.

Company Overview

Grocery Outlet Inc. operates grocery stores in Arizona, California, Idaho, Nevada, Oregon, Pennsylvania, and Washington. The company engages in remarketing excess inventories. Its stores offers groceries, frozen foods, deli and refrigerated products, organics and produce, fresh meat, general merchandise, over-the-counter drugs, seasonal products, housewares, toys, gifts, health and beauty, and beers and wines. Grocery Outlet Inc. was formerly known as Grocery Outlet and changed its name to Grocery Outlet Inc. in January 2002. The company was founded in 1946 and is based in Emeryville, California with distribution centers in Sacramento, California; and Portland, Oregon. It also has perishable...

5650 Hollis Street

Emeryville, CA 94608

United States

Founded in 1946

Phone:

510-845-1999

Fax:

510-845-7869

Key Executives for Grocery Outlet Inc.

Co-Chief Executive Officer
Co-Chief Executive Officer
Executive Chairman
Chief Financial Officer
Chief Information Officer and Vice President of Construction
Compensation as of Fiscal Year 2014.

Grocery Outlet Inc. Key Developments

Private Equity Firms Reportedly Eye Grocery Outlet

Grocery Outlet Inc. is being eyed by Bain Capital, LLC, Hellman & Friedman LLC and Roark Capital Group, Wall Street Journal reported citing people familiar with the matter. Suitors with first-round bids under $1.1 billion weren't asked back to the second round. Grocery Outlet Inc. could fetch as much as $1.2 billion. There are no corporate bidders.

Grocery Outlet Reportedly Explores Sale

Grocery Outlet, Inc. is exploring a sale that is expected to value Grocery Outlet at more than $1 billion, according to people familiar with the matter. Berkshire Partners LLC, has hired Barclays and Goldman Sachs to run a sale process for the Berkeley, the people said on June 16, 2014. All the people asked not to be named because the matter is not public. Representatives for Grocery Outlet and Goldman Sachs did not immediately respond to requests for comment. Berkshire Partners and Barclays declined to comment.

Grocery Outlet Opens New Store, in Sacramento Pocket, California

Grocery Outlet announced the opening of their 200(th) store on September 21, 2013. The 200(th) store, located in Sacramento Pocket, California, marks a milestone for the third-generation, family-led company founded in 1946.

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