Groceteria Gemco Ad, 1988 Posted on March 27, 2008 Gemco “going out of business” commercial. Gemco was one of the casualties of Asher Edeleman’s unsuccessful 1986 takeover bid for Lucky Stores. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to email this to a friend (Opens in new window)