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Snapple is a brand of tea and juice drinks which is ... only two years after the original acquisition, Lee sold the company to the Quaker Oats Company for $1.7 ...
Annual sales reached $674 million by 1994, [2] the same year that Snapple was acquired by Quaker Oats Company for $1.7 billion. [1] Marsh remained at Snapple as Executive Vice President of Planning for several years after Quaker's acquisition of the company. [1] Leonard Marsh died at his home in Manhasset, New York, on May 21, 2013, at the age ...
Arnold Shepard Greenberg (September 2, 1932 – October 26, 2012) was an American businessman who co-founded Snapple, a brand of tea and juice drinks, in the 1970s with Leonard Marsh, his former high school classmate, and Hyman Golden, who was Marsh's brother-in-law. [1]
When he acquired Snapple, he boosted its value before selling it to Quaker Oats by growing the business and increasing sales. The revenue is reported to have spiked from $95m to $750m.
Talk about a mixed bag. On the same day that Dr. Pepper Snapple Group (DPS) reported much better-than-expected earnings, gave a great raised outlook, and saw its share jump more than 5 percent, it ...
Only eight months after buying the company, Lee took Snapple Beverages public and in 1994, only two years after the original acquisition, Lee sold the company to Quaker Oats for $1.7 billion. [7] Lee was estimated to have made $900 million for himself and his investors from the sale.
In 1997, through an investment vehicle they controlled, Triarc Companies, Inc., [23] Peltz and May acquired Snapple from Quaker Oats. Snapple, together with other beverage brands, was sold to Cadbury Schweppes in 2000. The Snapple turnaround was featured as a Harvard Business School case study. [23]
A&P. Perhaps one of the best-known defunct grocery store chains, A&P, or the Great Atlantic & Pacific Tea Company, traces its roots back to 1859, beginning as a mail-order tea business in New York ...