tldrdaily.news logo
Tag

Family Business

All articles tagged with #family business

Harold’s Chicken Shack Mourns CEO Kristen Pierce-Sherrod, Preserving a Family Legacy
business1 month ago

Harold’s Chicken Shack Mourns CEO Kristen Pierce-Sherrod, Preserving a Family Legacy

Kristen Pierce-Sherrod, longtime CEO of Harold’s Chicken Shack and daughter of founder Harold Pierce, has died at 55. The family announced the death on social media, noting she led the Chicago staple for more than two decades and co-founded the Chicago Children Equestrian Center with her husband. Harold’s, a Chicago institution known for its fried chicken and Mild Sauce, grew from a single Kenwood location to a broader chain, with Pierce-Sherrod emphasizing a close-knit, family-driven culture while carrying forward her father’s legacy.

via Block Club Chicago|
#business#chicago#family-business
Trump Family's Wealth and Crypto Deals Under Scrutiny
business8 months ago

Trump Family's Wealth and Crypto Deals Under Scrutiny

Barron Trump, the 19-year-old son of the former President, may have earned around $40 million from the sale of crypto tokens linked to his family's firm, World Liberty Financial, which has sold $550 million worth of tokens. He is listed as a co-founder and possibly owns a 7.5% stake in the company, which has been highly profitable for the Trump family. The report highlights the family's significant involvement and earnings from digital assets, although direct evidence of Barron's personal gains is not confirmed.

via New York Post|
#barron-trump#business#crypto
The 400-Year Secret Behind Zildjian Cymbals
business1 year ago

The 400-Year Secret Behind Zildjian Cymbals

Zildjian, a renowned cymbal brand used by top drummers worldwide, has been crafting its instruments using a secret process for over 400 years. Originating in the Ottoman Empire, the Zildjian family continues to produce cymbals in Massachusetts, maintaining a closely guarded alloy formula. The brand gained significant popularity after the Beatles' 1964 performance on "The Ed Sullivan Show," and today, Zildjian cymbals are a staple for musicians across various genres.

via NPR|
#business#cymbals#family-business
Porto's Bakery Founder Raul Porto Sr. Passes Away at 92
local-news1 year ago

Porto's Bakery Founder Raul Porto Sr. Passes Away at 92

Raul Porto Sr., the founder of the beloved Southern California institution Porto's Bakery & Cafe, has died at age 92. Porto, along with his wife Rosa, started the bakery from their home kitchen after emigrating from Cuba. The family business has since grown into a cherished community treasure with multiple locations across the region. Rosa Porto passed away in 2019. The family expressed their gratitude for the community's support in an Instagram post announcing Raul's passing.

via NBC Los Angeles|
#cuban-immigrants#family-business#local-news
Porto's Bakery Founder Raul Porto Sr. Passes Away at 92
obituary1 year ago

Porto's Bakery Founder Raul Porto Sr. Passes Away at 92

Raul Porto Sr., founder of the iconic Porto's Bakery in Southern California, has passed away at the age of 92. Known for its Cuban pastries and community impact, Porto's began as a small family business in 1976 and grew into a beloved local chain. Raul Sr. and his wife Rosa, who passed away in 2019, built a legacy of hard work and dedication that continues through their children and grandchildren. The bakery remains a cultural touchstone for many Cuban-Americans in the area.

via LAist|
#cuban-american#family-business#obituary
Porto's Bakery Founder Raul Porto Sr. Passes Away at 92
obituary1 year ago

Porto's Bakery Founder Raul Porto Sr. Passes Away at 92

Raul Porto Sr., founder of the beloved Porto's Bakery & Cafe in Southern California, has died at the age of 92. He and his wife Rosa, who passed away in 2019, started the bakery from their home kitchen, eventually growing it into a cherished community institution with multiple locations. Raul Sr. passed away peacefully surrounded by family, leaving behind a legacy of hard work and dedication.

via KABC-TV|
#family-business#legacy#obituary
"Faragalli's Bakery Faces Closure as Giant Wood-Fired Oven Collapses"
business1 year ago

"Faragalli's Bakery Faces Closure as Giant Wood-Fired Oven Collapses"

Faragalli’s Bakery, known for its distinctive old-world bread and giant wood-fired oven, may close for good after the oven collapsed in December following nearby construction work. The century-old oven, a cornerstone of the family business since 1945, sustained damage to its firebrick structure and ventilation system. The bakery struggled to operate as the oven lost heat and emitted heavy smoke, ultimately leading to its closure. The family is uncertain about the possibility of reopening, as finding someone to repair the unique oven poses a challenge. The bakery's closure represents a significant loss not only in terms of business but also as a heritage for the Faragalli family and the South Philadelphia community.

via The Philadelphia Inquirer|
#bakery#business#family-business
"Inside the Billionaire Family Empire of King's Hawaiian"
business2 years ago

"Inside the Billionaire Family Empire of King's Hawaiian"

Mark Taira, the CEO of King’s Hawaiian, has transformed his family's small bakery into a $2 billion empire, with the third generation now involved in the business. The company's signature sweet rolls generate the majority of its $900 million in annual revenue, with impressive gross profit margins. Under the holding company Irresistible Food Group, the Taira family has expanded into new ventures, including Hawaiian-farmed tea, pickles, and a Hawaiian-inspired restaurant concept, all while remaining 100% family-owned. With a focus on product quality and expansion, the Tairas have no plans to sell their famous Hawaiian rolls to other brands, despite growing demand.

via Forbes|
#acquisitions#billionaire#business
"Tony Luke's Owners Sentenced to Prison for $8M Tax Fraud Scheme"
legalcrime2 years ago

"Tony Luke's Owners Sentenced to Prison for $8M Tax Fraud Scheme"

The father-son duo behind Tony Luke’s, a famous cheesesteak spot in South Philadelphia, have been sentenced to nearly two years in prison for tax fraud, after admitting to hiding over $8 million in sales and cheating on their payroll and personal income taxes for years. The messy family row and bitter dispute over the future of the business led to the uncovering of their crimes, which may now threaten the future of the operation. The duo's tax crimes resulted in prison terms and an order to pay back over $1.3 million in back taxes to the IRS.

via The Philadelphia Inquirer|
#family-business#irs-investigation#legalcrime