LOT(S) of 100 RAREST FOOD FAIR STOX (GOLD/GREEN) 20's FLAPPER/OLD TRACTOR 1950's

Description

MAKE AN UNFAIR PROFIT
on these FABULOUS VINTAGE
FOOD FAIR
STOCKS!!
Average eBay Price is in the to range.
Your price 29.9c
.  Need we say more? Probably not, but we will just in case you're not persuaded to take advantage of this crazy
LIMITED TIME
,
LIMITED QUANTITY
offer!
Food Fair aka Pantry Pride was one of the top 4 supermarket chains in the U.S. in the 1950's and 60's.
It also owned Revlon
!  In the 1980's it was largely taken over by John
Catsimatidis, the flamboyant Greek billionaire and talk show host, who owned or owns most of the grocery store chains in and around NYC!
This is the oldest Food Fair stock design, and is steel engraved on security paper like fine old currency. It boasts a lavishly ornate border and a super retro vintage vignette featuring a 1920's starlet type and a tractor of the same era.
T
The B.I.N. price is for 100 beautiful
Gold
certificates
, of which there may be several subtle color tone variations between golden brown (fawn), bright golden yellow, and gold with a slight greenish tint.  A simply stunning 60-70 year old paper collectible!
B Buy 2 lots and the second lot of 100 certs will be the
lovely
green
100 share type
shown in the second scan which will be
SHIPPED FREE
with the first lot.
P Please enjoy the history we've compiled below. But don't hesitate to "buy it now" before another savvy scripophilist does so, which would be downright
un
-fair.
Why are we selling so cheap????? We are liquidating the contents of our 2000+ sq. ft. warehouse in Brooklyn due to the high cost of real estate in NYC.  Once they are gone, there will no longer be a wholesale supply of these (and many other) stocks.
Food Fair
, also known by its successor name
Pantry Pride
, was a large supermarket chain in the U.S.  It was founded by Samuel N. Friedland, who opened the first store (as Reading Giant Quality Price Cutter) in Harrsiburg PA in the late 1920s. As of 1957, Food Fair had 275 stores, and at its peak, the chain had more than 500 stores. Friedland's family retained control of the firm through 1978, when the chain entered bankruptcy.
History
Origins
Samuel Friedland opened his first "Reading Giant Quality Price Cutter" supermarket in the 1920s. The success of the first store led to the opening of more stores. In the late 1940s came the introduction of the name
Food Fair
.
In 1958, Food Fair purchased Setzer's Supermarkets, a 38-store chain in the Jacksonville Florida. area.
In 1961, Food Fair bought
J.M. Fields Department Stores
, a chain of discount department stores in
New England
.
The latter chain grew substantially, expanding to areas already served by Food Fair, particularly in Florida. By the 1960s, most J.M. Fields stores featured a J.M. Fields, Food Fair, or Pantry Pride grocery store.
The birth of Pantry Pride
During the 1960s, Food Fair enjoyed great success, but the most significant purchase for the company was that of a small
Philadelphia
chain called Best Markets. Best's private label brand was called Pantry Pride. The first Pantry Pride store opened its doors at 9:00 a.m. on August 26, 1964 in
Hazlet, New Jersey
, test-running a no-frills discount store approach. Soon, the stores that were under the "Pantry Pride" logo eventually became more popular than the "Food Fair" brand. By the early 1970s, Food Fair had converted most of its stores to the Pantry Pride banner, and the company popularity grew further.
Expansion in the 1960s and 1970s
In the late 1960s, the company, led by its Pantry Pride stores, continued to grow. The company also opened additional J.M. Fields stores and entered new businesses, launching
drug stores
, gasoline stations, and shoe stores. It also boosted its core business by entering
California
and
Nevada
through the purchase of the Fox Markets chain. The western expansion proved exhausting for the predominantly East Coast retailer, eventually divesting the 50 stores by 1972. In 1976, Pantry Pride acquired
Hills Supermarkets
of
New York
. Later that year, Pantry Pride purchased the remaining 17 stores of Philadelphia-based
Penn Fruit
Company.
Slow decline, 1978-2000
In 1978, Food Fair fell victim to financial problems. The company entered bankruptcy that year and a new management team, led by supermarket veteran Grant Gentry, began streamlining the 456-store, .7 billion company. By the end of 1978 the company took the first steps in the long journey out of bankruptcy by closing all of the JM Fields stores. Those stores were quickly purchased by
Caldor
,
Jefferson Ward
, and
Kmart
. In early 1979, the company left their home market of Philadelphia, where the firm was headquartered. The company closed more than 50 stores in the area, even though they were the second-largest chain in greater Philadelphia in terms of market share. Between 1979 and 1981 more than 200 stores were closed, along with several warehouses. Food-a-Rama bought 14 of the 48
Baltimore
-area stores in 1981. By this time, Food Fair had emerged from bankruptcy, and was based in
Fort Lauderdale, Florida
under the name Pantry Pride Stores, Inc. The company had entered into talks to be purchased by
Pathmark
Stores that same year, but discussions were abandoned when Pantry Pride's stockholders filed a complaint. Pantry Pride outsourced their wholesale operations to
Supervalu
when they sold their
Miami
and
Jacksonville
distribution centers. The company then began selling off huge chunks of their assets when they sold two-thirds of their remaining stores, including the last of their
Richmond, Virginia
stores to
A&P
, which continued to operate the stores under the Pantry Pride banner until 1986.
Only about 40 stores in southern Florida remained.
In 1984 Pantry Pride acquired Devon Stores, a home improvement store, and the 400-store
Adams Drug Company
, which operated in the northeastern United States. The owner of Devon Stores, who obtained about 10.4% of the merged company, then sought an ouster of the Pantry Pride Board of Directors. In 1985, using
junk bonds
, 38% of Pantry Pride was acquired by investor
Ronald Perelman
. This was enough to acquire control, and Perelman liquidated their assets but kept the losses on the books to offset profits from
MacAndrews and Forbes
, which he had previously acquired. Perelman used Pantry Pride as a vehicle to acquire other companies, in particular
Revlon
. By 1986, the name of Pantry Pride was changed to Revlon Group. The
Delaware Supreme Court
decision relating to the takeover of Revlon by Pantry Pride,
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.
, has become a seminal case in American takeover law.
In 1985, the last stores in southern Florida were sold to Red Apple Group, a New York supermarket chain owned by
John Catsimatidis
who ran for NYC mayor. By 1990, the chain was being supplied by the
Fleming Companies
. The last store opened in 1991 in
Sunny Isles, Florida
. By this time, nearly all of the stores were renamed Woolley's, after Bill Woolley acquired the latter named chain of seven stores in the late 1980s. In 1993, Fleming bought the Woolley's chain after a dispute with Catsimatidis. The remaining stores were either closed or sold by 2000. Many of the stores that were sold have retained the "Food Fair" name under the new ownerships.
Timeline
·
1920s - Food Fair Stores founded by
Russian
immigrant
Samuel N. Friedland in
Harrisburg, Pennsylvania
.
·
1957 - Food Fair has 275 stores.
·
1958 - Food Fair purchases 40-store Jacksonville, Florida based Setzer's Supermarkets.
·
1965 - Acquires J.M. Fields Department Stores. Also, the original ABC version of
Supermarket Sweep
debuts, taping at various Food Fair locations. Bill Malone hosted.
·
mid-1960s - Acquires Best Markets and Pantry Pride private label brand, launches Pantry Pride branded discount supermarkets soon after
·
1967(?) - Purchases Fox Supermarkets in California and Nevada.
·
1972(?) - Divests Fox Supermarkets
·
1976 - Purchased
Hills Supermarkets
(NY)
·
1976 - Remaining 17 of bankrupt Penn Fruit's Philadelphia area stores are acquired by Food Fair.
·
1978 - Enters Chapter 11 Bankruptcy Protection. Friedland family gives up control of the company. Divests New Jersey Pantry Pride stores.
·
1981 - Exits
Chapter 11 bankruptcy
, re-organizes with new corporate name: Pantry Pride Stores, Inc., and moves company headquarters to Fort Lauderdale, FL.
·
1983-84 - Sells last two distribution centers to Supervalu, who in turn sold them to Malone and Hyde and
Winn-Dixie
.
·
1984 - Pantry Pride operates 122 supermarkets in Florida, southern
Georgia
, the
Tidewater
region of
Virginia
, and the
Bahamas
.
·
1984 - Purchases
Rhode Island
based Adams/Brooks Drug Stores (approx. 400 drug stores in the northeast, principally in
New England
).
·
1984 - Purchases Devon Stores Corp., a 61-store home center chain with locations near U.S.
military bases
. Sells Virginia division to A&P.
·
1985 - Acquires Revlon Corp. as a
holding company
in
Ronald Perelman
's
hostile takeover
bid.
·
1985 - Samuel Friedland died at age 88 in Miami Beach, FL.
·
1986 - With only a handful of stores (southern Florida), Pantry Pride sells its remaining stores to
Gristedes
Supermarkets (NY) chairman John Catsimatidis. Now out of the
retail
grocery business, corporate name is changed to The Revlon Group, and moves corporate headquarters from Fort Lauderdale to New York.
·
1988 - Catsimatidis takes on Fleming Companies as a partner after Fleming purchases Malone & Hyde.
·
1991 - Last supermarket opened (Pantry Pride Food Emporium) in Sunny Isles, FL., most other stores are renamed Woolley's.
·
1993 - All remaining Pantry Pride/Woolley's Supermarkets are sold to Fleming.