<p>Gelson’s Markets parent company, Arden Group Inc., has announced that it has hired advisors to explore a possible sale.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">According to a statement, the board has “initiated a process to explore and evaluate strategic alternatives, which may include a possible sale.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Arden, owner of 16 Gelson’s across Southern California, said it retained Moelis & Co. as its sole financial adviser.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company was not available for immediate comment.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Supervalu Inc sold Gelson's local rival Bristol Farms to management and Endeavour Capital in late 2010, according to Reuters.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.latimes.com/business/money/la-fi-mo-gelsons-arden-20130715,0,7003202.story" target="_new">Gelsons Report</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
