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The eight-unit L.A. grocery chain had been started by George Torres, who was convicted last month on federal racketeering charges. Kind of sad, really - the first Numero Uno store was opened 27 years ago and served neighborhoods that had few shopping choices. The new owners are the L.A.-based private equity firm Nogales Investors Management and Breco Holdings, a Houston investment firm. After Torres was arrested two years ago, the Marshals Service seized the stores and other assets owned by Torres. Torres faces potential life imprisonment as a result of the conviction (racketeering, solicitation of murder, bribery and other crimes) (Business Journal, press release)
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.