Arden Group, Inc. (Arden) is a holding company that conducts operations through its wholly owned subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair’s wholly owned subsidiary, Gelson’s Markets (Gelson’s), which operates supermarkets in Southern California. The Company also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. (Mayfair Realty), which is wholly owned by the Company and Arden-Mayfair. As of January 3, 2009, Gelson’s operated 18 full-service supermarkets in Southern California, which carry both perishable and grocery products, 17 under the name Gelson’s and one under the name Mayfair. Gelson’s and Mayfair offers a selection of local and national brands, as well as a limited number of private label items. Gelson’s also operates a distribution center in the City of Commerce, California.