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Chobani
Chobani is an American food company specializing in strained yogurt. The company was founded in 2005 by Hamdi Ulukaya, a Turkish businessman. Chobani sells thick, Greek-style yogurt with a higher protein content than traditional yogurt and is one of the main companies to popularize this style of yogurt in the US. The company has also expanded to non-dairy, plant-based products such as dairy-free vegan yogurt and oat milk. Chobani produces a variety of Greek yogurt products, oat drinks, and snacks. Chobani's yogurt's market share in the U.S. rose from less than 1% in 2007 to more than 20% in 2021, and is the top-selling Greek yogurt brand in the United States and operates the largest yogurt facility in the world. In April 2016, Chobani announced it was giving 10 percent of its ownership stake to its employees. Establishment and early years Chobani was founded in 2005 by the Turkish Kurd and businessman Hamdi Ulukaya. He chose the name ''Chobani'' as a variation of the Turkish ...
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Hamdi Ulukaya
Hamdi Ulukaya (born 26 October 1972, Iliç) is a Turkish billionaire businessman, activist, and philanthropist of Kurdish ethnicity based in the United States. Ulukaya is the owner, founder, chairman, and chief executive officer of Chobani, the #1-selling strained yogurt brand in the US. He established production facilities first in upstate New York, and since then has expanded. According to ''Forbes,'' his net worth as of October 2022 is US$2.1 billion. On 26 April 2016, Ulukaya announced to his employees that he would be giving them 10% of the shares in Chobani. In an interview with CNN ''Money'', Ulukaya said that he was very serious about Kurdish rights and left Turkey due to the Turkish state's oppression of its Kurdish minority group. In 2002, he started a modest feta-cheese factory on the advice of his father. His larger success came after Ulukaya purchased a large, defunct yogurt factory in upstate New York in 2005, in a region that had been the center of a dairy and ...
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Strained Yogurt
Strained yogurt, Greek yogurt, yogurt cheese, sack yogurt, or kerned yogurt is yogurt that has been strained to remove most of its whey, resulting in a thicker consistency than normal unstrained yogurt, while still preserving the distinctive sour taste of yogurt. Like many types, strained yogurt is often made from milk enriched by boiling off some water content, or by adding extra butterfat and powdered milk. In Europe and North America, it is often made from low-fat or fat-free cow's milk. In Iceland, a similar product named skyr is made. Strained yogurt is generally marketed in North America as "Greek yogurt" and in the UK as "Greek-style yogurt", though strained yogurt is also widely eaten in Levantine, Eastern Mediterranean, Middle Eastern, Central Asian and South Asian cuisines, where it is often used in cooking, as it curdles less readily when cooked. It is used in a variety of dishes, cooked or raw, savory or sweet. Straining makes even nonfat varieties thicker, rich ...
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Twin Falls, Idaho
Twin Falls is the county seat and largest city of Twin Falls County, Idaho, United States. The city had a population of 51,807 as of the 2020 census. In the Magic Valley region, Twin Falls is the largest city in a radius, and is the regional commercial center for south-central Idaho and northeastern It is the principal city of the Twin Falls Metropolitan Statistical Area, which officially includes the entirety of Twin Falls and Jerome The border town resort community of Jackpot, Nevada, south at the state line, is unofficially considered part of the greater Located on a broad plain at the south rim of the Snake River Canyon, Twin Falls is where daredevil Evel Knievel attempted to jump across the canyon in 1974 on a steam-powered rocket. The jump site is northeast of central Twin Falls, midway between Shoshone Falls and the Perrine Bridge. History Excavations at Wilson Butte Cave near Twin Falls in 1959 revealed evidence of human activity, including arrowheads, that ra ...
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Norwich, New York
Norwich is a city and county seat of Chenango County, New York, United States. Surrounded on all sides by the Town of Norwich,. The name is taken from Norwich, England. Its population was 7,190 at the 2010 census. Lt. Warren Eaton Airport (OIC), serving the area, is located north of the city in the town of North Norwich. History The first log cabin was built in 1788 by Col. William Monroe, who served as a drummer boy during the Revolutionary War. The town of Norwich was formed in 1793 from the towns of Union (now in Broome County) and Bainbridge. Afterwards, Norwich, as a "mother town" of the county, lost substantial territory in the formation of new towns. In 1806, Norwich gave up territory to form the towns of Pharsalia, Plymouth and Preston. More of Norwich was lost in 1807 to form parts of the towns of New Berlin and Columbus. In 1808 and 1820, Norwich exchanged territory with the town of Preston. The central community of Norwich set itself off from the to ...
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South Edmeston, New York
South Edmeston is a Hamlet (New York), hamlet (and census-designated place) on the Unadilla River in the Town (New York), Town of Edmeston, New York, Edmeston in Otsego County, New York, Otsego County, New York, United States. This area had been a center of dairy farming and cheese production since the nineteenth century. Kraft Foods had operated a cheese plant in South Edmeston starting in the year 1920. They originally produced Philadelphia brand cream cheese. Later they switched over to Breyers yogurt, and the plant employed about 55 workers. In December 2004, Kraft announced that the plant would close on April 8, 2005. Following its closure, the plant was bought by the company Agro Farma under Turkish entrepreneur Hamdi Ulukaya. In 2007, it launched the Chobani brand of Greek yogurt. Thanks to the surge in popularity of Greek yogurt, as of 2011, the company employs 600 workers at its South Edmeston headquarters and production facility, and continues to expand. References
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Fortune (magazine)
''Fortune'' is an American multinational corporation, multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time (magazine), Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthu ...
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Warehouse Club
A warehouse club (or wholesale club) is a retail store, usually selling a wide variety of merchandise, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargain hunters and small business owners. The clubs are able to keep prices low due to the no-frills format of the stores. In addition, customers may be required to pay annual membership fees in order to shop. Membership in a warehouse club superficially resembles that in a consumers' cooperative, but lacks key elements including cooperative ownership and democratic member control. The use of members' prices without cooperative ownership is also sometimes used in bars and casinos. History In 1971, the Great Atlantic and Pacific Tea Company (A&P) opened their very first Warehouse Economy Outlet (WEO), a warehouse format that only lasted a few years. In 1976, Sol Price (who in 1954 founded FedMart, an early US discount store) and his son Robert Pric ...
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BJ's Wholesale Club
BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American membership-only warehouse club chain based in Marlborough, Massachusetts, operating on the East Coast of the United States in addition to Ohio, Michigan, and Indiana. History The company was started by discount department store chain Zayre in 1984, on the Medford/ Malden border in Massachusetts. The company's name was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the new company. Weich announced his resignation as president in June 1987, and left on August 1. He was replaced by John Levy. When Zayre Corporation sold the Zayre nameplate to rival discount chain Ames in October 1988, TJX Companies was formed. In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, I ...
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Costco
Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club). As of 2022, Costco is the fifth largest retailer in the world and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine . In 2021, Costco was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland. The company opened its first ''warehouse'' (the chain's term for its retail outlets) in Seattle Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. , Costco has 842 warehouses worldwide: 579 ...
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Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolit ...
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Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ...
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