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Happiness Candy Stores, Inc., was controlled by Loft, Inc. [2] Loft, Inc., merged with PepsiCo following an agreement of merger filed in Wilmington, Delaware in June 1941. [3] Loft Candy Corporation was shortly spun off, acquired by Philadelphia retail magnate Albert M. Greenfield's City Stores Company chain. Rapid expansion followed, with Loft ...
Charles Godfrey Guth (June 3, 1877 – May 24, 1948) was an American businessman, who, as executive of the Loft Candy Company, purchased the trademark and the syrup recipe of the twice-bankrupt Pepsi-Cola Company. [1] [2] [3] He was President of Loft Candy Company from 1930 to 1935 and President of Pepsi-Cola Company from 1931 to 1939.
Charles Guth was the president of Loft, Inc., a candy and syrup manufacturer, which served a cola drink at its fountain stores. Loft Inc's soda fountains purchased cola syrup from The Coca-Cola Company, but Guth decided it would be cheaper to buy from Pepsi after Coke declined to give him a larger jobber discount.
Loft with his wife Julia c. 1922. He was born in New York City on February 6, 1865, to English immigrant William Loft (1828–1919), [2] 1860 founder of Loft, Inc. candymakers. Loft attended public schools. He gained considerable wealth in the candy manufacturing business and expanded into retailing, banking, and real estate. [1]
The Mars Candy Company's Marathon Bar was a staple during the 70s. The 8-inch chocolate bar was a long braid of caramel-filled goodness that got its name based on the notion that it would take ...
First made in 1905 by Necco, they stuck around until 2018, when Necco closed its doors. Though Spangler Candy Company saved the company’s eponymous Necco Wafers, Peach Blossoms weren’t as lucky.
Pepsi's success under Charles Guth came while the Loft Candy business was faltering. Since he had initially used Loft's finances and facilities to establish the new Pepsi success, the near-bankrupt Loft Company sued Guth for possession of the Pepsi-Cola company. A long legal battle, Guth v.
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 ...
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