Arden Group, Inc. (Arden) is a holding company, which conducts operations through its wholly owned subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair’s wholly owned subsidiary, Gelson’s Markets (Gelson’s), which operates supermarkets in Southern California. The Company also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. (Mayfair Realty), which is wholly owned by the Company and Arden-Mayfair. As of January 1, 2011, Gelson’s operated 18 full-service supermarkets in Southern California, which carry both perishable and dry grocery products. Gelson’s offers a broad selection of local and national brands as well as a limited number of private label items. Gelson’s also operates a distribution center in the City of Commerce, California. As of January 1, 2011, Gelson’s had approximately 1,222 full-time and 860 part-time store, warehouse and office employees.
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