Wall Street Journal (November 7, 2007)
Norman Peltz, , owner of Arby's (# 13 restaurant chain in the U.S.) through Triarc Companies, Inc. (holding company) and owner of 5.3% of Wendy's International Inc. (#3 restaurant chain in the U.S.), 3.5% of Cadbury Schweppes, 4.3% of Heinz and, reportedly, 3% of Kraft Foods (#2 food company by sales), through Trian Fund Management LP (hedge fund), said, "I found out early on that business is just common sense,". "It's about getting sales up and expenses down."
1962 - dropped out of Wharton School (University of Pennsylvania) at 20; 1967 - helped his father acquire food distribution businesses in Boston, Philadelphia and Baltimore; 1978 - sold the business; 1993 - acquired distressed conglomerate, sold everything but Arby's and Royal Crown Cola, renamed business Triarc Cos.; 1997 - acquired Snapple for $300 million from Quaker Oats Co., added fresh marketing, new beverage products, revived Snapple brand; 2000 - sold to Cadbury, with several other brands, for $1.45 billion. November 2005 - launched hedge fund to to target large, underperforming companies with good cash flow; work with, or apply pressure to, executives to improve operating results (Wendy's, Heinz, Kraft).
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3 comments:
I do agree with Mr.Norman peltz,
Although I believe that bussiness is all about the how you meet people and make friends, how being consistently in contact with them,the more you have contact, the more you can take up your businness at the peak"
I do agree with Mr.Norman peltz,
Although I believe that bussiness is all about the how you meet people and make friends, how being consistently in contact with them,the more you have contact, the more you can take up your businness at the peak"
I do agree with Mr.Norman peltz,
Although I believe that bussiness is all about the how you meet people and make friends, how being consistently in contact with them,the more you have contact, the more you can take up your businness at the peak"
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