1962
In summer 1962 Joe Coulombe and the Pronto employees closed the management buyout of Pronto Markets from Rexall.
“Summer of 1962, they close the deal and Joe and the employees become the owners of the newly incorporated Pronto markets.”
Topic
Joe Coulombe
5 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1967
Joe Coulombe opened the first Trader Joe's in Pasadena, California, in August 1967.
“So in August 1967, Joe opens the first Trader Joe's on Arroyo Parkway in Pasadena, California.”
1979
Joe Coulombe faced a 73 percent top marginal US tax rate, which the speaker says pushed him to sell Trader Joe's.
“I have a marginal tax rate of 73 percent right the highest marginal tax bracket in the US at this point in time is 73 percent”
1989
John Shields became Trader Joe's second CEO on January 1, 1989, succeeding Joe Coulombe.
“So on January 1st 1989 John takes over as CEO from Joe second CEO in Trader Joe's history”
Undated
At age 27 Joe Coulombe returned to Owl Drug and Rexall as president of the newly created Pronto Markets convenience store division.
“So at age 27, he comes back to Owl slash Rexall as the new president of the newly christened Pronto Markets.”
Episodes