New York-based Wegmans Food Markets has earned another national distinction, landing on Forbes’ inaugural list of the 100 largest family-owned businesses in the United States.
The ranking, released as part of America’s 250th anniversary celebration, highlights family-run companies that have played a major role in the U.S. economy. Wegmans ranked No. 36 with an estimated $14.3 billion in annual revenue.
Wegmans ranks among major national brands
Wegmans tied with Estée Lauder Companies on the list and ranked ahead of several well-known companies, including SC Johnson, Ashley Furniture Industries and News Corp.
Among grocery-related companies, several retailers ranked higher:
The top five companies overall were:
Forbes said its methodology generally required private companies to be at least 50% family-owned, while public companies were evaluated based on ownership stakes and family control.
How many Wegmans stores are in New York state?
New York remains Wegmans’ largest market. The company operates about 49 stores across New York state, representing nearly half of its total footprint of 114 stores nationwide. Store locations span regions including Rochester, Buffalo, Syracuse, the Finger Lakes, the Southern Tier and the New York City metro area.
Major New York markets include:
How many Wegmans stores are in the New York City and Hudson Valley area?
Wegmans has steadily expanded into downstate New York over the last several years and currently operates several stores in the New York City and Hudson Valley region.
Locations include:
The company has focused heavily on the New York City market in recent years, including opening its first Manhattan store in 2023.
A century-old Rochester, New York, company
Wegmans traces its roots to 1916, when brothers John and Walter Wegman began selling fresh produce from pushcarts in Rochester, New York.
The company opened its first large grocery store in 1930 and has remained family-led through four generations:
This article originally appeared on Rockland/Westchester Journal News: Wegmans just landed on a major Forbes list. Here’s where it ranked
Reporting by Victoria E. Freile and Marcia Greenwood, New York Connect Team / Rockland/Westchester Journal News
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