Raley’s Continues Legacy Of Family Ownership

Jim and Joyce Raley Teel have announced they will transfer majority ownership of Raley’s Family of Fine Stores to their son, Michael Teel, the company’s President & CEO. The Teel’s four daughters will continue to hold minority ownership. Transitioning to a third generation of family ownership is an important step in keeping Raley’s a family-owned company and Northern California business leader.

In a letter to Raley’s employees, Jim and Joyce Teel stated, “This is a significant accomplishment, as fewer than twelve percent of family businesses transition to a third generation. With Mike’s passion and vision, we have great faith he will guide and grow the business for future generations.”

The Teel family is committed to continuing family ownership of the company for generations to come. This transition ensures the continued presence of a strong family-owned business, one of the largest privately held companies in the Sacramento area, that contributes positively to the region’s economy and community.

To read the rest of the story, please go to: Raley's Family of Fine Stores