The story
Founded by Juvenal Chavez in 1991, in San Jose.1
Mi Pueblo was founded by Juvenal Chávez, who emigrated to the United States from Aguililla, Michoacán, Mexico in 1984. Only speaking Spanish at the time, Chávez took odd jobs while attending night school to learn English. At one point, he worked as a janitor at Stanford University. In 1986, Chávezwent into business with his brother running Chavez Meat Market. Five years later, deciding to go off on his own, Chávez purchased County Time Meats in San Jose, California, starting his mercantile chain. In 1998, Chávez changed the name to "Mi Pueblo Food Center", and expanded into produce, bakery, and deli, and then grocery.
While expanding into Fruitvale, the local merchants association protested the opening of a Mi Pueblo location, on the grounds that it would take business away from local small businesses.
Bankruptcy
On July 22, 2013, Mi Pueblo filed for Chapter 11 bankruptcy. Less than a year later on June 4, 2014, Mi Pueblo announced that they formally emerged from Chapter 11 reorganization after receiving $56 million in financing from Chicago- based investment firm Victory Park Capital (VPC). As part of the restructuring, Javier Ramírez was appointed as president and CEO, succeeding Juvenal Chávez who was named chairman of the board.
Acquisition
The chain was purchased in 2016 by Kohlberg Kravis Roberts and merged with Cardenas. The Mi Pueblo brand was phased out the following year.
From Wikipedia’s article on Mi Pueblo Food Center, shared under CC BY-SA 4.0.4
