Diddy Sells Majority Stake in REVOLT to Employees
Sean "Diddy" Combs sold his majority stake in Revolt, transitioning ownership to the company's employees, amid multiple sexual assault allegations and potential criminal charges.
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Employee Ownership
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"Bob Moore, Founder of Bob's Red Mill, Passes Away at 94"
Bob Moore, the founder of Bob's Red Mill, passed away at the age of 94. He established the company in 1978, which grew into a global food brand with over 200 products in 70 countries. At 81, he initiated an Employee Stock Ownership Plan, and his legacy of promoting unprocessed foods and high-quality ingredients lives on through the company. A celebration of his life will be held at the Bob's Red Mill store in Milwaukie, and more details will be announced soon.
Loyal employees inherit 60-year-old jewelry store as owners retire
The owners of Bernie Robbins Jewelers, a luxury jewelry store chain with locations in Philadelphia and New Jersey, have decided to retire and pass on their 60-year-old family business to loyal employees instead of selling it. Harvey and Maddy Rovinsky, the owners, believe that the current employees, who have been with the company for decades, are the best candidates to continue the legacy of the business. The transition is expected to take place in the first quarter of 2024, and Harvey Rovinsky will continue as CEO. The exact number of employees who will receive ownership has not been disclosed.
Employees Rally to Save San Francisco's Beloved Anchor Brewing from Closure
Employees of San Francisco's Anchor Brewing Company are rallying to raise funds and purchase the brewery as a worker co-op before its scheduled closure and liquidation at the end of the month. The workers, supported by their union, have sent a letter to the parent company, Sapporo, expressing their intent. Anchor Brewing has stated that they would consider a bona-fide offer from the employees, but time is running short as the company moves towards liquidation. The employees believe they can raise the necessary funds and have received overwhelming support from the community.
Anchor Brewing Workers Fight to Save Historic Brewery by Purchasing It
Workers at Anchor Brewing Company, the oldest craft brewer in the U.S., are attempting to save the company from closure by purchasing it themselves, according to a union official. The brewery is facing financial difficulties, and the employees hope that by taking ownership, they can keep the historic company alive.