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Family Owned

All articles tagged with #family owned

Dynastic Wealth: Forbes Names America’s 25 Most Valuable Private Family Firms
business15 days ago

Dynastic Wealth: Forbes Names America’s 25 Most Valuable Private Family Firms

Forbes has ranked the 25 most valuable private family-owned businesses in the United States, highlighting multi-billion valuations across industries from energy and manufacturing to agriculture and healthcare. The list showcases how dynastic leadership, patient capital, and long-term planning help private family firms grow sustainably, navigate succession, and exert outsized influence on the economy, even as many remain privately held and family-controlled away from public markets.

via Forbes|
#american-economy#business#family-owned
Jelly Belly, Bay Area's Family-Owned Candy Brand, Acquired by Chicago's Ferrara Candy
business2 years ago

Jelly Belly, Bay Area's Family-Owned Candy Brand, Acquired by Chicago's Ferrara Candy

Family-owned jelly bean company Jelly Belly has been sold to Ferrara Candy Company, known for producing candies like Nerds and Sweetarts. The sale price has not been disclosed, but the deal is expected to be finalized by the end of the year. Jelly Belly will remain in Fairfield, and local jobs are expected to be preserved. In a separate deal, Canadian billionaire Stephan Crétier purchased Vine Cliff Winery in Napa for $57 million, adding to his portfolio of wineries in the region. Half Moon Bay restaurant Johnny's faced criticism for adding an 18 percent "festival service charge" during the town's Art & Pumpkin Festival. The new California law banning mandatory service fees has sparked discussions in the restaurant industry. Oakland's Burdell is hosting its first winemaker dinner featuring La Onda winemaker Dani Rozman, offering a five-course meal paired with fall harvest wines.

via Eater SF|
#acquisition#business#candy-industry
Bandimere Speedway Reveals New Location in Exciting Family Announcement
sports2 years ago

Bandimere Speedway Reveals New Location in Exciting Family Announcement

Bandimere Speedway, a family-owned drag racing venue in Colorado, is relocating after 65 years to create an upgraded racetrack. The current owner, John Bandimere Jr., cited the need for more space as the reason for the move. The family plans to take a year off from racing and has identified potential plots of land, including one near the airport. The new speedway will continue to focus on drag racing but also aims to be a multi-use facility. Bandimere Speedway has a rich history, hosting notable events and achieving milestones in the world of drag racing.

via FOX 31 Denver|
#bandimere-speedway#drag-racing#family-owned
Iconic San Francisco Restaurants Forced to Close After Decades in Business
food-and-dining2 years ago

Iconic San Francisco Restaurants Forced to Close After Decades in Business

After 36 years in business, beloved Vietnamese restaurant Aux Delices in San Francisco's Russian Hill neighborhood is closing its doors on June 30. The restaurant, known for its tasty and affordable dishes influenced by both Vietnamese and French colonial cuisines, was originally opened by Chris Nguyen's mother in 1975. Despite efforts to find a buyer to continue the restaurant's legacy, none emerged. The closure marks the retirement of owners Chris and Thiet Nguyen, who inherited the restaurant from Chris's mother.

via San Francisco Chronicle|
#closure#family-owned#food-and-dining
Stew Leonard Sr., Founder of Famous Grocery Chain, Passes Away at 93
business3 years ago

Stew Leonard Sr., Founder of Famous Grocery Chain, Passes Away at 93

Stew Leonard Sr., the founder of the famous grocery store chain Stew Leonard's, has died at the age of 93. The family-owned and operated business started as a retail dairy store in 1969 and has since grown to become a $600 million company with seven locations. Leonard's legacy includes earning a place in the Guinness Book of World Records for having the highest dollar sales per square foot of selling space.

via WABC-TV|
#business#family-owned#founder
End of an Era: Bay Area Restaurants Close After Decades in Business.
food3 years ago

End of an Era: Bay Area Restaurants Close After Decades in Business.

KC's BBQ, a family-owned Kansas City-style barbecue restaurant in Berkeley, has permanently closed after 55 years due to financial struggles, a dip in customers, and problems retaining staff. The third-generation owner, Kristen Davis, said the closure was "long overdue" but hopes to resurrect the restaurant in a new form, potentially as a pop-up, food truck, or retail store for its sauces and seasonings.

via SFGATE|
#barbecue#berkeley#family-owned