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Boys Markets Inc

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BUSINESS
March 2, 1988 | JESUS SANCHEZ and MARTHA GROVES, Times Staff Writers
Boys Markets--the 54-store Los Angeles supermarket chain built on catering to Southern California's burgeoning minority communities--said Tuesday that it has received a $130.7-million takeover offer, reportedly from a wealthy Mexican family. The announcement comes as the Los Angeles supermarket industry is being shaken by a round of takeovers and mergers.
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BUSINESS
December 25, 1992 | From Associated Press
A former secretary at a Los Angeles supermarket chain and her brother-in-law have paid more than $96,000 in penalties to settle insider trading charges. Nancy L. Reggiani, an employee of Boys Markets, was accused of tipping off her brother-in-law, Rodney B. Smith, about a pending, and at the time still-confidential, bid to acquire Boys Markets.
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CALIFORNIA | LOCAL
November 20, 1987
Los Angeles-area activists campaigning for a major increase in the minimum wage claimed a second corporate ally Thursday when The Boys Markets Inc. announced that it supports a "substantial increase" in the $3.35-an-hour standard. The Ralphs grocery chain issued a similar statement last week.
CALIFORNIA | LOCAL
September 10, 1992
Angry that a supermarket closed since the riots has not reopened, about 50 Watts residents Wednesday night protested plans by the food chain that owns Boys Markets to reopen the store as a grocery warehouse. "The bottom line is we want a full-service supermarket, not a warehouse-type operation," said Davis L. Rodgers, president of the Watts chapter of the National Assn. for the Advancement of Colored People. The Boys Market in the Martin Luther King Jr.
BUSINESS
September 2, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has presented an offer to buy at least three stores from the Irvine Ranch Farmers Market chain, which is currently in bankruptcy reorganization. Peter Sodini, president and chief executive of Boys, confirmed Thursday that American Breco Corp., a Century City-based holding company, "has presented a proposal that says we'll take three stores."
BUSINESS
August 26, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has broken off negotiations to buy up to five stores from the bankrupt Irvine Ranch Farmers Market chain. Even so, American Breco Corp., a holding company with interests ranging from real estate development to retailing, remains interested in buying the most profitable Irvine Ranch stores, a source familiar with the negotiations said Thursday.
CALIFORNIA | LOCAL
November 26, 1988
Sen. Diane Watson on Friday unveiled a new anti-drug, anti-gang campaign that will use milk cartons to get its message across. At a news conference outside a Boys Market at Rodeo Road and Crenshaw Boulevard, Watson (D-Los Angeles) thanked the supermarket chain for agreeing to print the message on its store-brand milk cartons. The message reads "Be smart! Don't start! It's your right to say no" and has two circles with heavy red lines through the words gangs and drugs.
BUSINESS
February 27, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
The parent of Southern California's Alpha Beta supermarkets is negotiating to sell all or part of the grocery chain to the owners of Boys Markets, a state official said Tuesday. Executives of American Stores, which agreed to sell Alpha Beta under an antitrust settlement reached with the California Attorney General in May, will meet with state officials on Thursday to discuss their plans. It could not be determined how close American Stores and Yucaipa Cos.
CALIFORNIA | LOCAL
September 24, 1988
Grocers removed a foul-smelling fruit juice drink from the shelves of all 54 Boys Markets in Southern California after a consumer complained about the beverage's odor at an Inglewood outlet, authorities said Friday. Boys Market Inc. President Peter J. Sodini said the grocery chain was conducting independent tests to discover the cause of the smell in Juice Bear drinks. On Thursday, a shopper who purchased the juice-flavored beverage from a Boys Market at 11202 Crenshaw Blvd.
BUSINESS
February 27, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
The parent of Southern California's Alpha Beta supermarkets is negotiating to sell all or part of the grocery chain to the owners of Boys Markets, a state official said Tuesday. Executives of American Stores, which agreed to sell Alpha Beta under an antitrust settlement reached with the California Attorney General in May, will meet with state officials on Thursday to discuss their plans. It could not be determined how close American Stores and Yucaipa Cos.
CALIFORNIA | LOCAL
November 26, 1988
Sen. Diane Watson on Friday unveiled a new anti-drug, anti-gang campaign that will use milk cartons to get its message across. At a news conference outside a Boys Market at Rodeo Road and Crenshaw Boulevard, Watson (D-Los Angeles) thanked the supermarket chain for agreeing to print the message on its store-brand milk cartons. The message reads "Be smart! Don't start! It's your right to say no" and has two circles with heavy red lines through the words gangs and drugs.
CALIFORNIA | LOCAL
September 24, 1988
Grocers removed a foul-smelling fruit juice drink from the shelves of all 54 Boys Markets in Southern California after a consumer complained about the beverage's odor at an Inglewood outlet, authorities said Friday. Boys Market Inc. President Peter J. Sodini said the grocery chain was conducting independent tests to discover the cause of the smell in Juice Bear drinks. On Thursday, a shopper who purchased the juice-flavored beverage from a Boys Market at 11202 Crenshaw Blvd.
BUSINESS
September 7, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has reached an agreement in principle with Irvine Ranch Farmers Market to pay $5 million in cash for three stores of the bankrupt grocery chain, with an option to buy two others. If the deal is completed, Century City-based American Breco Co.
BUSINESS
September 2, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has presented an offer to buy at least three stores from the Irvine Ranch Farmers Market chain, which is currently in bankruptcy reorganization. Peter Sodini, president and chief executive of Boys, confirmed Thursday that American Breco Corp., a Century City-based holding company, "has presented a proposal that says we'll take three stores."
BUSINESS
August 26, 1988 | MARY ANN GALANTE, Times Staff Writer
The company that owns Boys Markets has broken off negotiations to buy up to five stores from the bankrupt Irvine Ranch Farmers Market chain. Even so, American Breco Corp., a holding company with interests ranging from real estate development to retailing, remains interested in buying the most profitable Irvine Ranch stores, a source familiar with the negotiations said Thursday.
BUSINESS
December 25, 1992 | From Associated Press
A former secretary at a Los Angeles supermarket chain and her brother-in-law have paid more than $96,000 in penalties to settle insider trading charges. Nancy L. Reggiani, an employee of Boys Markets, was accused of tipping off her brother-in-law, Rodney B. Smith, about a pending, and at the time still-confidential, bid to acquire Boys Markets.
CALIFORNIA | LOCAL
September 10, 1992
Angry that a supermarket closed since the riots has not reopened, about 50 Watts residents Wednesday night protested plans by the food chain that owns Boys Markets to reopen the store as a grocery warehouse. "The bottom line is we want a full-service supermarket, not a warehouse-type operation," said Davis L. Rodgers, president of the Watts chapter of the National Assn. for the Advancement of Colored People. The Boys Market in the Martin Luther King Jr.
BUSINESS
March 5, 1988 | JESUS SANCHEZ, Times Staff Writer
The 54-store Boys Markets chain said Friday that it has agreed to be sold for $131 million to a group led by American Breco Corp., a Los Angeles company controlled by a wealthy family from Mexico. Boys President Peter J. Sodini said he foresees no major management or strategy changes. The current management, he noted, will also end up owning a "significant" share of the company. The agreement comes at a time of corporate change in the Southern California grocery business.
BUSINESS
March 2, 1988 | JESUS SANCHEZ and MARTHA GROVES, Times Staff Writers
Boys Markets--the 54-store Los Angeles supermarket chain built on catering to Southern California's burgeoning minority communities--said Tuesday that it has received a $130.7-million takeover offer, reportedly from a wealthy Mexican family. The announcement comes as the Los Angeles supermarket industry is being shaken by a round of takeovers and mergers.
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