Honolulu, Hawaii – QSI, Inc., a Hawaii-based company and operator of Times Supermarkets announces that the company has agreed to sell its Hawaii supermarket operation to the Don Quijote Group which has 354 discount retail and convenience stores internationally including locations in Hawaii.
The sale will include all 17 Times Supermarket stores, 5 Big Save Markets, Shima’s Supermarket, and Fujioka’s Wine Times. “This is a huge step for our business and will be good for our customers. Today we are combining two established kama’aina companies to create a powerful new brand in the local grocery industry,” said John Quinn, President and CEO of QSI.
Times Supermarket first opened its doors in 1949. In 2002, Times Supermarkets was acquired by QSI, Inc., which continued to operate all 12 Times Supermarket locations on Oahu. In 2004, QSI, Inc. acquired Fujioka’s Wine Merchants and continues to operate the business under the name Fujioka’s Wine Times. In 2009, QSI Inc. acquired Star Markets adding 5 more locations to the Times Supermarket banner. In 2011, QSI, Inc. acquired 5 Big Save Markets on the island of Kauai and continues to operate these stores under the Big Save name.
Don Quijote’s immediate plan is to continue to operate all of the acquired retail locations and retain all of the 1,600 Associates currently employed by QSI, Inc. The acquisition is scheduled to close in late third quarter of 2017 and will not affect daily store operations.
About Times Supermarkets
Times Supermarkets has been one of Hawaii’s favorite supermarkets for over 68 years. What started off as a dream shared by two Okinawan immigrants working on Hawaii’s sugar plantations has grown to include 24 supermarket locations spanning 17 Times locations, 5 Big Save Markets, Shima’s Supermarket, and a fine wine and spirits shop, Fujioka’s Wine Times. To learn more visit http://timessupermarket.com.
Source: Times Supermarkets