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After Zohran Mamdani won the New York City mayoral race, supermarket billionaire John Catsimatidis renewed his opposition to Mamdani’s plan for rent and tax-exempt, city-run groceries, warning they could force job cuts at his already money-losing chains. He had prepared to move Red Apple Group’s headquarters to New Jersey if Mamdani prevailed, but reversed after Mikie Sherrill won the governor’s race there, and is now eyeing “friendly” states, likely Florida. Citing soaring shoplifting and soft sales, he says businesses are cutting New York exposure, even as he hopes the city maintains its quality of life.

Prepared by Lauren Mitchell and reviewed by editorial team.