Gristedes, owned by Red Apple Group of New York City, is the 30th member of the cooperative and increases the number of stores serviced by Allegiance to 120. Gristedes operates 23 stores in the New York metro market.
“Strategically aligning the Gristedes business with Allegiance in the New York market positions us to improve our offerings and further increases our ability to be the neighborhood grocer for all New Yorkers,” said John Catsimatidis, Red Apple Group chairman and CEO.
John Derderian, president and COO of Allegiance Retail Services, said, “Helping businesses serve local customers has been at the heart of our operation since our inception. The addition of Gristedes to the Allegiance Retail Services family of cooperative grocers further supports our intelligent growth strategy.”
Allegiance Retail Services LLC supports the success of independent supermarkets—including Foodtown, Freshtown, Frescho, D’Agostino, LaBella Marketplace, Brooklyn Harvest, Market Fresh and Big Deal Food Market—by providing them with marketing, advertising, technological and merchandising support, as well as a full line of private label items.
The Red Apple Group is a privately held conglomerate that owns and operates assets in the energy, real estate, finance, insurance and supermarket industries.