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Russell Stover Chocolates, Inc. is an American manufacturer of candy, chocolate, and confections. Founded by Russell Stover , an American chemist and entrepreneur, and his wife Clara Stover in 1923, it is an independent subsidiary of Swiss chocolatier Lindt & Sprüngli .
In 1993, Pet sold the Whitman's brand to Russell Stover Candies, the major supplier of boxed candy in the United States. [5] In July 2014, Russell Stover was acquired by the international company Lindt & Sprüngli. [6] In 1984, Whitman's introduced its light chocolate.
Clara Stover operated the company until 1960, when it was sold to Louis Ward for $7.5 million. At the time of the purchase, Mr. Ward owned a box company that had Russell Stover Candies as an important customer. [8] The Ward family owned the brand until July 14, 2014, when the Swiss chocolate-maker Lindt bought Russell Stover Candies. At the ...
On July 14, 2014, Lindt bought Russell Stover Candies, maker of Whitman's Chocolate, for about $1 billion, the company's largest acquisition to date. [17] Due to the 60% praline market share of Russel Stover, Lindt became the third largest chocolate company in North America, while also having a presence with its other brands. [18]
Lisa Schroeder has worked for Mars Chocolate for 16 years -- and you won't believe what she does there.
Louis Larrick Ward (November 18, 1919 - February 10, 1996) was an American businessman who successfully turned the Russell Stover Candies company into an international brand after purchasing the company in 1960.
Aug. 25—Whether the $700 million sale of Bazooka Candy Brands to a private equity firm will impact workers at a Scranton production plant is unclear. News outlets including The Wall Street ...
During the Berkshire Hathaway shareholder meeting, CEO Warren Buffett talked about how Berkshire-owned See's candies has been affected by the coronavirus pandemic.