Hispanic Supermarkets Merge
Cardenas Markets and Mi Pueblo have combined their businesses and will operate as Cardenas Markets LLC, one of the largest Hispanic supermarket chains in the U.S.
Each grocery chain will continue to operate separately, but will be managed under one executive team led by CEO John Gomez.
“Regardless of acculturation level or language preference, Hispanic people use food as a vehicle to connect with their culture and heritage. This is a growing demographic, not only in size, but also in influence as well, and I am proud to be working with two leading retailers to offer the best shopping experience to our communities in Northern and Southern California, as well as Las Vegas,” said Gomez.
There are currently 46 stores in California and Nevada with new stores in the pipeline. KKR and Victory Park Capital have invested in the company.
The full story about Cardenas Markets merger is on Progressive Grocer.