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.
Netto Marken-Discount offer products badged under brand names they have created. The chain is unrelated to the Danish Netto chain, which has operations in several German states, or the French-owned Netto discount store. However Edeka owns 25% of a joint venture with the Danish Netto. Netto Marken-Discount Netto Marken-Discount is a German discount supermarket chain. It is owned by the German supermarket cooperative Edeka Group, and operates mostly in the south and west of Germany. The first store was opened in 1984 and the chain is expanding aggressively, with its 1000th store opening in 2004 and its 4000th in 2009. In 2009