Jewel-Osco

▪ American company

      American retail grocery and pharmacy chain acquired by Albertson's, Inc., of Boise, Idaho, in 1999. The company originated in 1899, when Frank Vernon Skiff and Frank Ross founded the Jewel Tea Company to supply condiments to the Chicago area from horse-drawn wagons. As the automobile gained in importance, the firm moved from wagons to motorized trucks to deliver its goods across the Midwest. It incorporated in Illinois in 1903 and changed its name to Jewel Companies Inc. in 1966.

      The enactment of the “Green River Ordinance,” an antipeddler law in the 1930s, encouraged the company to move into the retail food business, and in 1932 it formed Jewel Food Stores, Inc., to acquire the grocery store business formerly owned by Loblaw Groceterias. The Jewel company flourished in the Midwest with a strong emphasis on customer service. In 1961 the company expanded into the retail drugstore business with the acquisition of the Osco Drug, Inc., drug chain. The company's retail outlets included Jewel supermarkets, Osco drugstores, and White Hen Pantry convenience stores. Renamed Jewel Companies, Inc., it was purchased by the drug-and-grocery retailer American Stores Company in 1984. In 1999 Albertson's acquired American Stores' assets (including Jewel and Osco, Lucky Stores, Acme Markets, and Sav-on Drugs).

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