Hamady – Wikipedia

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Hamady
Type Partnership
Industry Retail
Founded Flint, Michigan, 1911
Founder Michael and Kamol Hamady
Defunct 1991 (1st)
Fate (bankruptcy) revived
Headquarters
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Flint, Michigan

,

United States

Area served

 Flint, Michigan area

Key people

 Justin Campau, Ramsay Sadek (CEO, managing partners)
Products Groceries
Owner
  • Justin Campau
  • Ramsay Sadek[1]

Hamady was an American supermarket chain based in Flint, Michigan, United States, which at its peak had 37 stores and 1,300 employees.[2] Given the chain’s pervasiveness in the area, paper grocery bags were known as “Hamady sacks”.[3]

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History[edit]

Hamady Brothers was founded in 1911[4] by Michael and Kamol Hamady, who were immigrant cousins from Lebanon and referred to themselves as brothers.[2] The first store was opened on East Dayton Street and Industrial Avenue in Flint.[2]

Michael Hamady was the first CEO and was followed by his son Robert in 1954, his grand-nephew Jack in 1967, and by his grandson Robert Lee in 1969. Robert Lee restructured the company and sold it in 1974 to Alex Dandy.[3]

The chain expanded through Michigan in 1980 by purchasing 21 closed Kroger stores, primarily on the west side of the state.[5] In July and September 1985, Hamady bought two Hutch’s supermarkets in Owosso, Michigan[6] and in October bought Vescio’s five stores in Saginaw County. The two acquisitions, which would be rebranded as Hamady stores, bringing the chain’s store total to 30.[7] As a result, an existing Hamady in Owosso was converted to a discount store called Price Rite. Price Rite was run by a division of Durant Enterprises, Dandy’s parent corporation.[8]

The chain was hit with a seven-week strike in 1987.[3] Dandy’s company also acquired Chatham. Chatham and Hamady were embezzled from by Dandy.[3] By 1988, the former Kroger locations, along with some former Vescio locations in Saginaw, Michigan, had closed. Hamady declared bankruptcy in 1988. In March 1989, a reorganization plan by M&B Distribution board chairman James McColgan Sr. for Hamady Bros. was approved by Federal bankruptcy Judge Arthur J. Spector. McColgan Investment Co., a M&B subsidiary, purchased 21 Hamady Bros. supermarkets for about $17.9 million, to which Dandy objected.[9] By May 1989, Dandy had approved the sale of Hamady assets to McColgan Investment. McColgan became chairman and chief operating officer.[10] The chain closed the last of its stores in 1991.[3] 13 locations were sold to Kessel Food Markets, which was founded in 1981 by former Hamady vice president Al Kessel.[11]

Jim McColgan Jr.[12] announced the opening of a Hamady Complete Food Center in a former Kroger location in August 2017 in Flint.[13] The store permanently liquidated after failure to meet financial objectives after just three months.[14]

References[edit]

  1. ^ Lorenz, Jason; Feick, Joel (May 17, 2017). “Hamady returning to Flint with new location this summer”. WEYI. Retrieved June 14, 2017.
  2. ^ a b c “Former owner plans Hamady Bros. grocery store comeback in Flint area”. Flint Journal. MLive Media Group. Retrieved June 13, 2017.
  3. ^ a b c d e Adams, Dominic (September 25, 2014). “#FlintTBT: Hamady Bros. grocery stores served Flint area for decades”. Flint Journal. MLive Media Group. Retrieved June 14, 2017.
  4. ^ Samy S. Swayd (2009). The A to Z of the Druzes. Rowman & Littlefield. pp. 69–. ISBN 978-0-8108-6836-6. Retrieved 7 January 2014. An early 20th-century Druze immigrant to the United States who served as the chairman of the board of Hamady Brothers, established in 1911 in Flint, Michigan.
  5. ^ “Kroger Selling Manistee Store”. Ludington Daily News. AP. June 28, 1990. p. 1. Retrieved June 13, 2017 – via Google News Archive Search.
  6. ^ Grnak, Robert J. (September 20, 1985). “2nd Hutch’s Store to Be Bought by Hamady Brothers”. The Argus-Press. Retrieved June 13, 2017 – via Google News Archive Search.
  7. ^ “Hamady Chain Buys Vescio’s Five Stores”. The Argus-Press. October 3, 1985. p. 16. Retrieved June 13, 2017 – via Google News Archive Search.
  8. ^ “(no title)”. The Argus-Press. December 31, 1985. p. b3. Retrieved June 13, 2017 – via Google News Archive Search.
  9. ^ Adler, Allan P. (March 27, 1989). “Judge’s reorganization plan paves way for sale of Hamady”. Supermarket News. Archived from the original on February 15, 2018. Retrieved June 14, 2017 – via HighBeam Business.
  10. ^ Adler, Allan (May 30, 1988). “Hamady sold to distributor in Michigan. (Hamady Bros. supermarket chain, M&B Distributing Co.)”. High. Archived from the original on February 15, 2018. Retrieved June 14, 2017 – via Beam Business: Arrive Prepared.
  11. ^ Adams, Dominic (December 28, 2012). “A look back at the history of Kessel Food Markets in Flint, Saginaw”. Flint Journal. MLive Media Group. Retrieved June 14, 2017.
  12. ^ “Hamady Complete Food Center closing after only 3 months=ABC12 News Team=abc12.com”. Retrieved 6 November 2018.
  13. ^ Conat, Randolph. “Hamady to open supermarket in Flint”. abc12.com. Retrieved 13 June 2017.
  14. ^ Team, ABC12 News. “Hamady Complete Food Center closing after only 3 months”. www.abc12.com. Retrieved 2019-04-05.



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