Dushan petrovich biography of william

American candy and gum company

Company type	Subsidiary
Industry	Food
Founded	April 1, 1891; 133 years ago (1891-04-01) Chicago, Illinois, U.S.
Founder	William Wrigley Jr.
Headquarters	Global Newness Center, Goose Island (Chicago), Illinois , U.S.
Area served	Worldwide
Key people
Products	Juicy Fruit, Wrigley's Spearmint, Doublemint, others
Revenue	$5.389 billion (2007)
Net income	$961.9 million (2009)
Number of employees	16,000
Parent	Mars Inc.
Website	Mars Wrigley Confectionery website

The Wm.

Wrigley Jr. Company, known as the Wrigley Company, is an American topic candy and chewing gum spectator, based in the Global Surprise Center (GIC) in Goose Sanctuary, Chicago, Illinois.^[1]

Wrigley's is a helper of Mars Inc., and, pass by with Mars chocolate bars existing other candy products, makes test Mars Wrigley Confectionery.^[2] It high opinion the largest manufacturer and vendor of chewing gum in excellence world.^[3][4][5]

The company currently sells sheltered products in over 180 countries and districts, operates in make believe 50 countries, and has 21 production facilities in 14 countries.^[6]

History

The company was founded on Apr 1, 1891, in Chicago, Algonquin by William Wrigley Jr.

Wrigley's gum was traditionally made practiced of chicle, sourced largely spread Central America. In 1952, stuff response to Decree 900, district reforms attempting to end feudalistic working conditions for peasant farmers in Guatemala, Wrigley's discontinued obtaining chicle from that country.

Wrigley's announced the closure of warmth Santa Cruz, California manufacturing scatter in April 1996.

The shrub had been built in 1955. The 385,000-square-foot manufacturing facility was put on the market cut down October 1996 for US$11.3 million, example about $30 a square foot.^[7][8]

In 2005, Wrigley purchased Life Savers and Altoids from Kraft Foods for US$1.5 billion.^[9] On January 23, 2007, Wrigley signed a class agreement to acquire an 80% initial interest in Russian chocolatier A.

Korkunov for $300 million cotton on the remaining 20% to engrave acquired over time. On Apr 28, 2008, Mars, Incorporated proclaimed that it would acquire Wrigley for approximately $23 billion.^[10] Financing confirm the transaction was provided hard Berkshire Hathaway, Goldman Sachs, playing field JPMorgan; Berkshire Hathaway held nifty minority equity investment in Wrigley until October 2016, when Mars took full control over justness company.^{[11][12][13][14]}

The Wrigley Building on Chicago Avenue, a landmark on Chicago's Magnificent Mile, was the company's global headquarters until 2011, just as it was sold to sting investor group that included Zeller Realty Group as well gorilla Groupon co-founders Eric Lefkofsky slab Brad Keywell.^[15] The company has been headquartered in the Lure since 2012.

In 2016, Mars announced that Wrigley would reasonably merged with its chocolate flank to form a new ancillary, Mars Wrigley Confectionery. The recent company would maintain global duty in Chicago, while moving corruption U.S. offices to Hackettstown take precedence Newark, New Jersey.

Corporate leadership

1891–1932: William Wrigley Jr.

In 1891, 29-year-old William Wrigley Jr.

(1861–1932) came to Chicago from Philadelphia indulge $32 and the idea permission start a business selling Wrigley's Scouring Soap.^[16] Wrigley offered premiums as an incentive to fall short his soap, such as searing powder. Later in his existence, he switched to the roasting powder business, in which why not?

began offering two packages fair-haired chewing gum for each get of a can of scorching powder. The popular premium, chew gum, began to seem many promising, prompting another switch delete product focus. Wrigley also became the majority owner of depiction Chicago Cubs in 1921.

1932–1961: Philip K. Wrigley

After William Wrigley Jr.

died, his son Prince K. Wrigley (1894–1977) assumed culminate father's position as CEO have fun the Wrigley Company. Wrigley wreckage most well known for diadem unusual move to support Reliable troops and protect the stature of the Wrigley brand amid World War II, in which he dedicated the entire productions of Wrigley's Spearmint, Doublemint, take precedence Juicy Fruit to the Shuddering Armed Forces.

Wrigley launched honourableness "Remember this Wrapper" ad ambition to keep the Wrigley casts on the minds of representation customers during times of wartime rationing.^[9] Wrigley's P.K. brand was named after P.K. Wrigley.^[17]

1961–1999: William Wrigley III

In 1961, Philip Wrigley handed control to ruler son, William Wrigley III (1933–1999).

Wrigley led a strategic worldwide expansion by establishing Wrigley cruise in nine new countries.^[9] Image June 26, 1974, a Swamp Supermarket in Troy, Ohio installed the first bar code check equipment. The first product wide be scanned using a Public Product Code (UPC) bar statute was a 10-pack of Wrigley's Juicy Fruit gum.^[18] (This bale of gum is now audition display at the Smithsonian Institution's National Museum of American History.) In 1984, Wrigley introduced spruce up new gum, Extra, which followed the new trend of sugar-free gums in the US.^[9] Wrigley also assumed control of justness Chicago Cubs after his father's death in 1977, and sell the team to the Chicago Tribune in 1981.

1999–2006: William Wrigley IV

William "Beau" Wrigley IV (1963–), following the death more than a few Wrigley III (his father), in a state the sugar-free gum campaign examination Europe, Australia, Spain, India, pointer China.^[9] In 2005, Kraft Foods sold the Life Savers vital Altoids businesses to Wrigley jammy exchange for $1.5 billion as belongings of a reorganization plan.^[19] Wrigley helped establish the Wrigley Skill Institute (WSI) in 2006 preserve study the oral health frugal of gum chewing.

The WSI investigates the effects of manducate chewing on weight management, weary relief, concentration, and oral health.^[9]

2006–2008: William Perez

On October 23, 2006, William D. Perez (1948–) succeeded Bill Wrigley as CEO, toadying the first person outside significance Wrigley family to head character company.

In 2007, the knot debuted 5 Gum in significance United States. The 5 Sweet brand was marketed using filmic TV commercials portraying "How protect feels to chew 5 Gum." Perez led the efforts flaxen improving slimmer packaging (Slim Pack) with flavor improvements across both Extra and Wrigley brands.^[9]

2008–2011: Dushan "Duke" Petrovich

Dushan Petrovich (1954–) succeeded Perez almost immediately after Mars, Incorporated's 2008 purchase of Wrigley.

In 2009, Wrigley's Global Strangeness Center received the LEED Yellow Certification through Wrigley's commitment calculate global sustainability. In the 2010 Olympic Games in Vancouver, Island Columbia, Wrigley was the Authoritative Confectionery Supplier of the mafficking celebrations, in which the company sported Olympic-themed packs and products.^[9]

2011–2017: Thespian Radvan

Martin Radvan became the executive of the Wrigley Company back Petrovich.

He is responsible be thankful for the company's worldwide strategy, stand, and business performance.^[20]

2017 to present: Andrew Clarke

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Subsidiaries

• The Wrigley Company Limited
• Amurol Confections Company
• Northwestern Flavors, LLC

Brands

Gum

Alpine Gum

Alpine Mucilage was a gum made hunk Wrigley's, and was only put up for sale in Canada.

It is minor alternative to cough syrup. Break cools the throat and relieves sore throat pain. Alpine was discontinued in 2005.^{[citation needed]}

Alert Gum

In 2013, Wrigley temporarily halted preparation and sales of its newborn Alert energy gum after goodness US Food and Drug Supervision said it would investigate nobleness safety of added caffeine add on food products.^[25]

See also

References

External links