From Struggle to Success: How Brooklyn Brewery Went International
Cheddar catched up with Brooklyn Brewery co-founder and chairman Steve Hindy at the Cornell Entrepreneurship Summit in New York. Hindy tells us all about his incredible career path from Middle East war correspondent at the Associate Press to co-founding one of the top craft breweries in the country. Hindy says he was inspired by home brewers he met in Cairo before joining the movement himself.
Plus, we also break down the company's thriving international business. Hindy tells us why such a local brand is catching on overseas. Plus, Hindy gave Cheddar a look at the company's 2017 business figures, including how the brewery is set to produce more than 300,000 barrels of beer.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
