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Raley's continues long-term family ownership

2015-05-24 02:43:01| Grocery - Topix.net

Jim and Joyce Raley Teel have announced they will transfer majority ownership of Raley's supermarkets to their son, Michael Teel, the company's president and chief executive officer. In a letter to Raley's employees, Jim and Joyce Teel stated, "This is a significant accomplishment, as fewer than 12% of family businesses transition to a third generation.

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