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The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]
Milton S. Hershey, c. 1915 Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American chocolatier, businessman, and philanthropist.. Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk.
Hershey chocolate bars had their origin in Milton Hershey's first successful confectionery business, Lancaster Caramel Company, which was founded in 1886.After seeing German chocolate manufacturing machinery at the World's Columbian Exposition of 1893 in Chicago, Hershey decided to go into the chocolate making business. [2]
American entrepreneur Milton S. Hershey was born in a Mennonite community in Derry Township, Penn., on this day in history, Sept. 13, 1857. He built the iconic Hershey chocolate brand.
The Bloomington factory operated until 1900 when it was sold to the Paul F. Beich Company. Shortly after establishing the Western Branch, Hershey set up a third caramel factory in Reading, Pennsylvania. [2] The Lancaster Caramel Company was incorporated on February 8, 1894 and the Hershey Chocolate Company was formally organized as a subsidiary ...
Hershey is one of the largest confectionery companies in the world with a market capitalization of nearly $21 billion. Dating back to 1894, the company has a rich history and, as such, has many ...
People love chocolate. Americans eat nearly 20% of the world's chocolate -- or around $18.27 billion. That helps make The Hershey Company (HSY) a dividend machine, asserts Jimmy Mengel, editor of ...
The Hershey Chocolate Workers’ Strike is notable because of its historical timing. The chocolate strike came in the middle of a massive wave of CIO strikes and specifically sit-down strikes. In March 1937, the sit-down strikes prominence peaked. There were sit-down strikes in 170 occupations, involving 167,210 workers. [9]