Is the store h.e.b short for h.e.butt?

Question

Is the store h.e.b short for h.e.butt?

Answer 1

YES

The company was founded in 1905 when Florence Butt opened C.C. Butt Staple and Fancy Groceries on the ground floor of the family home in Kerrville, Texas. In 1919, Howard Edward Butt, her youngest son, took over the store upon his return from World War I. In 1924, he expanded the Butt Grocery Company with a new store in Junction, about 60 miles (97 km) from Kerrville. Charles, the youngest son of Howard E. Butt, became president of the H.E. Butt Grocery Company in 1971. Today, Charles Butt is chairman and CEO of H-E-B, having grown the business from sales of $250 million in 1971 to $13 billion in 2006. In 2003, the company was #10 on Forbes' list of largest privately held companies; H-E-B is also the largest privately held company in Texas. Mr. Butt, whose fortune is estimated to be over $2 billion, is the richest man in San Antonio