Red Apple Group Inc. is a privately-held holding company with diversified interests in oil refining, supermarkets, real estate and aviation. Red Apple Group Inc. is headquartered in New York, New York.
Overview & Corporate Organization
|Formerly Named:||Red Apple|
|Fiscal Year End:||08/31|
|1YR Revenue Growth Rate:||View %|
|3YR Revenue Growth Rate (CAGR):||View %|
|1YR Employee Growth Rate:||View %|
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Red Apple Food Mart
Red Apple Kwik Fill
John A. Catsimatidis
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Competitors & Comparables
|Getty Petroleum Marketing Inc.|
|The Great Atlantic & Pacific Tea Company, Inc.|
|Motiva Enterprises LLC|
Charts, Financials, and Statistics (Table Format)
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|*||Red Apple Group Inc. fiscal year end: 08/31|
Charts, Financials, and Statistics (Graphs)
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Mergers & Acquisitions
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Detailed Business Description: Red Apple Group Inc.
1970-1985: Early Beginnings: Foundation and Rapid Growth
In a typical rags to riches story, the New York based John A. Catsimatidis, a dropout from New York University, started the Red Apple Group as an individual store with starting capital of $1500 in 1970. Catsimatidis’s initiatives enabled the company to expand rapidly and the store grew to a chain of 12 grocery stores by the end of 1976, netting a profit of $800,000 by the end of the 1976 fiscal year. Within the next 5 years, by 1981, the company had more than doubled its size, growing to a chain of 27 stores. By this point, the Red Apple Group was operating in locations around Bronx and Manhattan. The company was able to register annual sales of $40 million during this period and by fiscal 1985, its sales grew to $110 million.
1986: The Year of Major Acquisitions
In 1986 the Red Apple Group made its first large acquisition, purchasing a total of 47 stores from two prominent grocers in New York City. The company… Continue Reading →