BILLIONAIRE GROCERY CEO THREATENS To SHUT DOWN ALL NYC Stores & Move Out After Mayor Mamdani’s SHOCKING Move! 😱
A self-made billionaire who arrived in America as a baby, grew up in Harlem, and built a massive supermarket empire from ONE single store is now declaring war on New York City.
John Catsimatidis, founder of Gristedes and Red Apple Group, just dropped a bombshell: he may close, sell, or franchise every single one of his stores in New York and move his entire corporate headquarters out of state.
Why? Because Mayor Zohran Mamdani announced the city will open government-run grocery stores — starting with a $30 MILLION flagship in East Harlem — that pay ZERO rent, ZERO property taxes, and will sell groceries at wholesale prices to undercut every private business.
Catsimatidis says he cannot compete with taxpayer-funded stores that play by completely different rules. Bodega owners are calling it a disaster. National grocery groups are sounding the alarm.
Meanwhile, NYC faces a $7.3 BILLION budget deficit, Moody’s just downgraded the city’s outlook, and Mamdani wants a massive property tax hike.
This isn’t just one CEO fighting back. It’s the clearest sign yet that New York is driving out the very businesses that built it.
The private sector created the success. Now the government wants to compete against it with your tax dollars.