Cumberland Farms
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| Type | Private |
|---|---|
| Industry | Retail |
| Founded | 1938 |
| Headquarters | Framingham, Massachusetts |
| Number of locations | 600 |
| Key people | Haseotes Family, Owners Joseph Petrowski, CEO |
| Products | Convenience stores |
| Subsidiaries | Gulf Oil |
| Website | www.CumberlandFarms.com |
Cumberland Farms (informally known as Cumby's) is a regional chain of convenience stores based in Framingham, Massachusetts, and operating primarily in the eastern United States and Florida. Cumberland Farms operates roughly 600 retail stores, gas stations, and a support system including petroleum and grocery distribution operations in 11 states. The store is often called "Cumby's" or just simply "Cumberland," and its original colors were navy blue and orange, though they were recently changed to blue and green. The company is owned by the Haseotes family, with Lily Haseotes Bentas formerly serving as CEO. Ari Haseotes is the President and C.O.O. It is one of the largest retail chains to be completely privately owned.[1]
[edit] History
In 1938, Vasilios and Aphrodite Haseotes purchased a single-cow farm in Cumberland, Rhode Island, which eventually grew into the largest dairy farm in Southern New England. Cumberland Farms opened a dairy store in Bellingham, Massachusetts in 1958[2] and the first convenience store in the Northeastern United States in 1962.[3]
In the late 1960's the Cumberland Farms had a successful ad campaign that helped expand their franchise, in part due to catchy jingles written by Brad Delp, who later went on to form the band Boston.
Cumberland Farms has been a two-thirds limited partner in the Gulf Oil company since 1993, while it has owned the rights to sell gasoline under the Gulf name throughout the United States since 1986.[4]
[edit] References
- ^ http://www.cumberlandgulf.com/press/corporatebackgrounder.aspx
- ^ http://www.fundinguniverse.com/company-histories/Cumberland-Farms-Inc-Company-History.html
- ^ http://www.cumberlandfarms.com/CompanyInfo/CompanyFacts.aspx
- ^ 1/13/2010. Gulf Oil L.P. acquires brand rights for the entire US Boston.com. Accessed August 2011.
