The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
City Market (US grocery store chain) City Market (US grocery store chain) City Market is a supermarket brand of Kroger in the Rocky Mountains of the United States. City Market, Inc. has its headquarters in Grand Junction, Colorado. City Market was founded by the Prinster family in 1924, when four brothers—Paul, Frank, Leo and Clarence—moved to Grand Junction from La Junta, Colorado. Tony Prinster's father, Frank Prinster Jr., was also president of the City Market, serving from 1961 to 1978. Joseph C. Prinster was president from 1978 to 1987, and Leo T. Prinster served as president from 1987 to 1990. Tony Prinster was president from 1990