If you have ever shopped at Walmart, you may have noticed that there are many different brands of food and products available for purchase. Sometimes it’s hard to know which products are made by trustworthy companies and which ones are simply trying to up-sale. To help customers make better purchasing decisions, Walmart encourages shoppers to research the company that makes the product before making a purchase. So let’s take a quick look at what company owns the iconic ‘Speedway’ brand, shall we?
The Kroger Co.
The Kroger Co. purchased the Speedway store brand and various other restaurants, such as Bennigan’s and Brinker International restaurants, in June 2018 for a total of $13.4 billion.
Among other food retail businesses, The Kroger Co. owns a chain of supermarkets called Kroger. Additionally, the company owns several restaurants, including Jack’s Bar-B-Que and Fresh Market. In late 2018, they also purchased Texas Roadhouse, a steakhouse chain. Together, this company is the third-largest grocery store and food retailer in the United States.
The China Resources Beer Co. Ltd.
The China Resources Beer Co. Ltd purchased the Speedway Brewing Company in 2016. At the time of the purchase, the company was the second-largest craft brewery in America. Besides creating and selling some of America’s most popular beers, such as Pabst Blue Ribbon and Rolling Rock, the brewery also offered an upscale restaurant and bar.
Now that the company has combined food and beverages, they can offer fans of both late-night eats and suds something new. In order to appeal to as many customers as possible, they have combined the best of both worlds with a new stadium-inspired restaurant, Tavern 430. The restaurant serves food from a tapestry of traditional and non-traditional American recipes fused with globally inspired flavors. Additionally, the brewery opened a bar, Shop & Grill, across from the stadium that features craft beers, mixed drinks, and small bites.
The Japan Fish Co. Ltd.
The Japan Fish Co. Ltd purchased the rest of the company that owned the Speedway brand and the rest of the chain in 2015. At the time of the purchase, the company was the largest fish market and processing company in the world. Besides owning and operating several fish markets and processing plants, the company also owned several other restaurant chains, including Red Lobster and Olive Garden. Today, the company controls over 80% of the market share for fresh fish in Japan and continues to grow their presence in the US.
The Brinker International Group.
The Brinker International Group purchased the remaining 20% of the company that owned the Speedway brand and various other restaurants, such as Bennigan’s and Jack’s Bar-B-Que, in 2014. At the time of the purchase, the company was the largest restaurant chain in North America. Besides owning several restaurants, the company owned and operated several other food-related businesses, including a catering company, fresh-cut flower shops, and a frozen-food factory.
With all these different owners, it can be hard to know who to trust when it comes to food brands. That’s why Walmart encourages shoppers to do some basic research before making a purchase. By learning more about the company, they can become more confident in their decisions when shopping at Walmart.