Is Publix owned by Walmart?

Publix is an American supermarket chain headquartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.

Although Publix has presence in only seven southeastern states, it is the largest employee-owned grocery chain in the United States with over 1,200 stores and more than 190,000 employees.

So, is Publix owned by Walmart? No, Publix is not owned by Walmart.

As mentioned above, it is a privately-owned corporation with no outside shareholders. The Jenkins family maintains controlling interest in the company, with current and former employees owning the rest. This structure allows Publix to remain independent from other large grocery chains and makes it one of the few remaining employee-owned businesses in the United States.

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