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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.
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.
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.
From 1930 to 1936, Milton Hershey had spent more than $10 million on building up Hershey, Pennsylvania, but he reduced hours of his employees and stopped paying annual bonuses. [ 3 ] : 218–219 In those six years, the Hershey Chocolate Corporation made more than $37 million in after-tax profits.
The Hershey Story, The Museum on Chocolate Avenue is devoted to the history and legacy of Milton S. Hershey and the chocolate candy confections he invented. It is located at 63 West Chocolate Avenue in downtown Hershey, Pennsylvania, United States, and opened in January 2009.
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 trust was created in 1909 by a deed of trust from Milton and Catherine Hershey, granting 486 acres (197 ha) of land in Hershey for the establishment of the Milton Hershey School. [22] [23] In 1918, Milton Hershey quietly donated to the trust the bulk of his fortune, $60 million of stock in Hershey Chocolate Company (now the Hershey Company ...