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Compton -based Arden Group, which owns 16 Gelson's stores, is retaining investment banking firm Moelis & Co. to consider that or other options. This is not the greatest time to be owning a supermarket chain in Southern California, what with competition from big-box stores, membership operations, smaller boutique chains, and now, the Amazon Fresh service. Last month, the company announced it was closing its Pasadena store (employees are expected to be reassigned). The first Gelson's was opened in Burbank in 1951.
More by Mark Lacter:
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Best to low-ball today's employment report
Further fallout from airport shootings
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.