Hershey Company
| The Hershey Company
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US4278661081 |
| founding | 1894 |
| Seat | Hershey , United States |
| management | Michele G. Buck, CEO |
| Number of employees | 16,420 |
| sales | 7,791,000,000 USD |
| Branch | Confectionery industry |
| Website | www.thehersheycompany.com |
| As of December 31, 2018 | |
The Hershey Company (until April 2005 Hershey Foods Corporation , Hershey’s for short ) is one of the world's largest chocolate manufacturers . The company's stock ( NYSE : HSY) is listed on the S&P 500 index.
The company is headquartered in Hershey , Pennsylvania . Its main brands are Reese's, Kisses, Hershey's and KitKat (Hershey holds the US rights for the latter). The products are marketed in over 60 countries worldwide. Reese's Peanut Butter Cups is one of the best-selling candies in the United States . Hershey's Tropical Bar is part of the US armed forces' field and emergency rations .
Most of Hershey's chocolate products are not made according to traditional European recipes, but with less cocoa and more sugar . Popular in the home market, Hershey's market share in export countries is significantly lower.
The subsidiary Hershey Entertainment and Resorts Company operates the Hersheypark , a chocolate theme park. The group also includes the Hershey Bears ice hockey team , the HersheyPark Stadium and the Giant Center .
history
Hershey is one of the oldest chocolate manufacturers in the USA. After an apprenticeship with a pastry chef in 1876, Milton Snavely Hershey started a candy store in Philadelphia that went bankrupt six years later. After an unsuccessful attempt to make confectionery in New York, Hershey returned to Pennsylvania and founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful. In 1894 he founded the Hershey Chocolate Company as a subsidiary . In 1900 Hershey sold his caramel company for one million US dollars (approx. 18 million euros based on today's purchasing power).
criticism
The chocolate industry, including the Hershey Company, signed the so-called Harkin-Engel Protocol in September 2001. This protocol contains measures that should lead to an end to the worst forms of child labor and slavery in the cocoa industry by 2005. An evaluation by Tulane University in 2011 found that of the six measures named in the Harkin-Engel Protocol, not a single one was fully implemented.
In August 2011, the company came under fire when 400 students who were working as temporary workers at Hershey protested against the working conditions in production.
Web links
credentials
- ↑ a b Form 10-K Report 2018 , accessed on May 17, 2019
- ↑ Nestle wants to sell its billion dollar business with sweets . In: The Motley Fool Germany . January 9, 2018 ( fool.de [accessed March 4, 2018]).
- ↑ Dirty chocolate . Report / documentation by Miki Mistrati on behalf of the NDR , 43:23 minutes, German first broadcast on October 6, 2010 in Das Erste , available at Archivlink ( Memento of the original from July 18, 2012 in the web archive archive.today ) Info: The archive link was inserted automatically and not yet tested. Please check the original and archive link according to the instructions and then remove this notice. , Digit: 5:25
- ↑ http://www.cocoainitiative.org/images/stories/pdf/Documents_and_Reports/Tulane/Tulane_-_2011_-_Final_Report.pdf ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ^ Julia Preston: Hershey Exchange Student Warnings Were Ignored . In: The New York Times . October 16, 2011, ISSN 0362-4331 ( nytimes.com [accessed May 10, 2018]).
