Hershey Foods Corporation
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Hershey Foods Corporation
The Hershey Company, commonly known as Hershey's, is an American multinational company and one of the largest chocolate manufacturers in the world. It also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. Its headquarters are in Hershey, Pennsylvania, United States, which is also home to Hersheypark and Hershey's Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, which is 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. Hershey's chocolate is available across the United States, and in over 60 countries worldwide.Booksense.com
. Retrieved June 30, 2006.
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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Twizzlers
Twizzlers is the product of Y&S Candies, Inc., of Lancaster, Pennsylvania. Twizzlers were first produced in 1929 by Young and Smylie, as the company was then called. The licorice company was founded in 1845, making it one of the oldest confectionery firms in the United States. Twizzlers ingredients consist of corn syrup, wheat flour, sugar, cornstarch, and smaller amounts of palm oil, salt, artificial flavor, glycerin, citric acid, potassium sorbate, Red 40, and soy lecithin. Because only black Twizzlers contain extracts of the licorice plant, they are collectively referred to as licorice-type candy. 70% of the annual production of Twizzlers are strawberry, the most popular Twizzlers flavor. Company history The manufacturer of Twizzlers candy is one of the oldest confectionery firms in the United States. The company was established in 1845 as Young and Smylie, and adopted Y&S as its trademark in 1870. National Licorice Company was created in 1902 through the merger of three ...
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Giant Center
Giant Center is a 10,500-seat multi-purpose arena in Hershey, Pennsylvania, a census-designated place in the Harrisburg metropolitan area. It is home to the Hershey Bears ice hockey team, the longest-existing member of the American Hockey League since 1938. Giant Center replaced the Hersheypark Arena as the Bears' home venue in 2002. Giant Center is owned by the Derry Township Industrial and Commercial Development Authority, as much of the money for its construction was provided by the Commonwealth of Pennsylvania. It is operated by Hershey Entertainment and Resorts Company, with the naming rights owned by the Giant-Carlisle grocery store chain based in Carlisle, Pennsylvania. Giant Center has 7,700 seats in the Lower Level and 2,800 seats in the Upper Level. The arena also has 688 Club Seats and 40 Luxury Suites. Wheelchair and companion seating is available on all levels. History In addition to Bears games, Giant Center also hosts an annual concert series and attracts many ...
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Hersheypark Stadium
Hersheypark Stadium is a stadium located in Hershey, Pennsylvania, on the grounds of Hersheypark. It opened on May 18, 1939. It is used as a sporting facility, concert venue and location for various other large functions (including a birthday gala for President Dwight D. Eisenhower). In addition, it hosted the 2004 Presidential Race Campaign stop for President George W. Bush. It also hosts the Cavalcade of Bands and Tournament of Bands Atlantic Coast Championship marching band competitions, every November. The stadium hosted the final round of the 2000 CONCACAF Men's Pre-Olympic Tournament for the 2000 Summer Olympics. Two berths were afforded for the Olympics for CONCACAF members, and the United States and Honduras qualified by winning their semifinal matches in the qualification tournament. The stadium has hosted the U.S. men's national soccer team on one occasion, a 3–1 victory over Poland on May 9, 1990. Ice hockey Hersheypark Stadium hosted the fourth annual AHL Ou ...
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World Cocoa Foundation
The World Cocoa Foundation is a non-profit membership organization with 100 member companies, including chocolate manufacturers like Nestlé, The Hershey Company and Mars, Inc. cocoa producers and suppliers such as Barry Callebaut, Olam International and Cargill, shipping companies and ports and retailers such as Starbucks. The World Cocoa Foundation (WCF) represents 80% of the global corporate market. Members are private companies from the chocolate industry. The WCF's charter is broadly stated as energizing public-private partnerships to achieve cocoa sustainability and faces challenges such as child labour in cocoa production, cocoa farming-related deforestation and extreme poverty impacting many of the West African cocoa smallholder farmers. History The World Cocoa Foundation had its roots as a 1995 initiative of the Chocolate Manufacturer's Association (CMA) called the International Cocoa Research and Education Foundation, which was later renamed the World Cocoa Foundati ...
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Distribution Center
A distribution center for a set of products is a warehouse or other specialized building, often with refrigeration or air conditioning, which is stocked with products (goods) to be redistributed to retailers, to wholesalers, or directly to consumers. A distribution center is a principal part, the order processing element, of the entire order fulfillment process. Distribution centers are usually thought of as being demand driven. A distribution center can also be called a warehouse, a DC, a fulfillment center, a cross-dock facility, a bulk break center, and a package handling center. The name by which the distribution center is known is commonly based on the purpose of the operation. For example, a "retail distribution center" normally distributes goods to retail stores, an "order fulfillment center" commonly distributes goods directly to consumers, and a cross-dock facility stores little or no product but distributes goods to other destinations. Distribution centers are the ...
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Hershey's Chocolate World
Hershey's Chocolate World is the name of five visitor centers that started in Hershey, Pennsylvania, United States. Open year-round, Hershey's Chocolate World offers marketplace shops and restaurants, specializing in Hershey's chocolate products. Attractions include Hershey's Great Chocolate Factory Mystery in 4D, the Hershey Trolley Works, Create Your Own Candy Bar, Hershey's Unwrapped: A Chocolate Tasting Journey, and a free Hershey’s Chocolate Tour ride. The first Hershey's Chocolate World is located off of Hersheypark Drive, in Hershey, Pennsylvania, and is in an entertainment complex that also includes Hersheypark, Hersheypark Stadium, Hersheypark Arena, Hershey Museum, and Giant Center. The Las Vegas location is where the Broadway Theatre used to be. Although Hersheypark and Chocolate World are in the same complex, both operate independently of each other. Chocolate World is owned by The Hershey Company, while Hersheypark is owned by Hershey Entertainment and Resorts Comp ...
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Hersheypark
Hersheypark (known as Hershey Park until 1970) is a family theme park located in Hershey, Pennsylvania, about east of Harrisburg, and west of Philadelphia. The park was founded in 1906 by Milton S. Hershey as a leisure park for the employees of the Hershey Chocolate Company. It is wholly and privately owned by Hershey Entertainment and Resorts Company. Hersheypark has won several awards, including the Applause Award. The park opened its first roller coaster in 1923, the Wild Cat, an early Philadelphia Toboggan Company coaster. In 1970, it began a redevelopment plan, which led to new rides, an expansion, and its renaming. The 1970s brought the SooperDooperLooper, an early complete-circuit looping roller coaster, as well as a observation tower, the Kissing Tower. Beginning in the mid-1980s, the park rapidly expanded. Between 1991 and 2008, it added eight roller coasters and the "Boardwalk at Hersheypark" water park. , the park covers over , containing 76 rides and attracti ...
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Chocolate
Chocolate is a food made from roasted and ground cacao seed kernels that is available as a liquid, solid, or paste, either on its own or as a flavoring agent in other foods. Cacao has been consumed in some form since at least the Olmec civilization (19th-11th century BCE), and the majority of Mesoamerican people ─ including the Maya and Aztecs ─ made chocolate beverages. The seeds of the cacao tree have an intense bitter taste and must be fermented to develop the flavor. After fermentation, the seeds are dried, cleaned, and roasted. The shell is removed to produce cocoa nibs, which are then ground to cocoa mass, unadulterated chocolate in rough form. Once the cocoa mass is liquefied by heating, it is called chocolate liquor. The liquor may also be cooled and processed into its two components: cocoa solids and cocoa butter. Baking chocolate, also called bitter chocolate, contains cocoa solids and cocoa butter in varying proportions, without any added sugar. Powder ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism ...
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Hershey Trust Company
The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. The company is a minority owner of The Hershey Company and sole private owner of Hershey Entertainment and Resorts Company and administrator of the 2,000 student Milton Hershey School. It manages the $13.751 billion USD (2015) endowment of the Milton Hershey School and School Trust. History On April 28, 1905, the Pennsylvania Department of State issued a charter creating the Hershey Trust Company. In 1909, when Hershey founded the Milton Hershey School, Hershey appointed the Trust as administrator of the school trust. 2011 investigation of the Hershey Trust Company In February 2011, Robert Reese (grandson of H. B. Reese the inventor of Reese's Peanut Butter Cups), a former board member and president of the Trust, filed a lawsuit against the Hershey Trust Company alleging that Trust had been improperly using the Trust's money. One partic ...
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Bubble Yum
Bubble Yum is a brand of bubble gum marketed by The Hershey Company. Introduced in 1975 by Life Savers, the bubble gum was the first soft bubble gum created. It was created by a homemaker in Fisk, Missouri, who named it "rubber bubblegum". She gave some to her son to pass out at school. She soon sold the recipe to the Life Savers candy division in St. Louis. History In 1977, rumors began to spread that the gum's soft, chewable secret was the addition of spider eggs. The Life Savers Company addressed the issue with an official full-page rebuttal printed in prominent U.S. newspapers (including ''The New York Times''), to dispel the rumor and restore public confidence. Sales of the gum soon surpassed sales of Life Savers candy, and it became the most popular bubble gum brand. Nabisco bought Life Savers in 1981, and The Hershey Company acquired the Bubble Yum brand in 2000. Mascot Bubble Yum's official mascot is Floyd D. Duck, an anthropomorphic punk-style duck Duck is ...
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