Earthy-Crunchy Snack Bars Sell Out to Big Snack
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 28 June 2022
⏱️ 6 minutes
🧾️ Download transcript
Summary
Today is Tuesday, June 28, and we're looking at Kind North America vs. Clif Bar & Co.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
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| 0:08.5 | How do I cope with waiting for results? |
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| 1:04.1 | Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, June 28th. |
| 1:10.1 | You know, in life life timing can be everything. |
| 1:12.6 | And there might not be a better illustration of that than the story of Cliff Bar and |
| 1:17.9 | company roughly two decades ago. The founders of the Energy Bar Company got a big offer from a big |
| 1:23.4 | company. Quaker Oates offered $120 million to buy Cliff from its founding partners. Each of the partners |
| 1:31.1 | would walk away with 60 million bucks pre-tax, Forbes reports. But Cliff's co-founder Gary Erickson |
| 1:37.7 | balked at Quaker's offer. Instead, he bought out his partner and continued running the company. |
| 1:43.7 | Last week, Erickson's gut instinct paid off in a big way. |
| 1:48.4 | Mondalese International, which owns Oreo and Toblerone, among many others, |
... |
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