Gelson's plans expansion as parent Arden is acquired

Gelson's Markets plans to open up to 10 stores in the medium to long range, the company said Wednesday after the completed acquisition of its parent company. TPG, a private investment firm in Fort Worth, Texas, finalized its $394 million purchase of Gelson's parent Arden Group. Gelson's has 17 stores in Southern California, with an 18th scheduled to open in March.

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