When Did You Start Thinking About Selling The Company
The day I opened. Because I’d made such a terrible mistake the first time around, I said, “I’m going to do everything right this time.” I hired TM Capital, an investment bank in New York City. They told us how to put together the book to send out to investors to get interest. There ended up being a bidding war.
Tates Bake Shop Allegedly Threatening To Deport Workers Trying To Unionize
Long Island-based cookie brand Tates Bake Shop is allegedly threatening to deport workers who are trying to unionize, News 12 in Long Island reports.
Employees tell the news station that the company, which largely employs undocumented workers at its Southampton shop, has been harassing staffers and telling them that if their documents are not in order and they attempted to join the labor union they would get deported, says Cosmo Lubrano, the president of the Eastern States Joint Board of the International Union of Allied, Novelty and Production Workers. It is illegal under the National Labor Relations Act for a company to harass workers attempting to unionize.
According to a Gothamist report, employees had been talking about unionizing prior to the pandemic, but efforts ramped up last summer. Employees allegedly werent offered adequate support during the pandemic, including clarity around paid time off to self-quarantine, and access to safety equipment, which further fueled interest in unionization.
Snack behemoth Mondelez, which acquired Tates Bake Shop in a $500 million deal in 2018, said in a statement to News 12 that the allegations of worker harassment due to unionization efforts are untrue. Workers have until April 21st to vote on whether or not to unionize.
In other news
Independent NYC restaurateurs are eagerly eyeing the next influx of federal aid, which will include direct grants for small restaurants in this round.
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In 1980, King turned her passion for baking into a career, and opened her first bakery called Kathleen’s Bake Shop she later launched Tate’s, which grew become wildly successful. Even chef and talk show host Rachel Ray named her chocolate chip cookie the “Best Cookie in America.”
“It was always my goal to make the best cookie in America,” said King of the honor bestowed upon her by Ray.
Tate’s cookies are now sold nationally as well as locally. In 2018, Tate’s Bake Shop was acquired .
Whole Foods Market was the first nationwide retailer to carry the cookies, beginning December 1. The cookies will also be available here, on Amazon, in select regional grocery stores and at Tate’s Bake Shop in Southampton.
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Providing An Authentic Delicious Indulgence Has Been At The Heart Of Tate’s Bake Shop Since Kathleen King First Opened Her Storefront
SOUTHAMPTON, NY A beloved local Hamptons bake shop known for its mouthwatering cookies is set to be sold for $500 million.
Mondelz International announced Monday that it would acquire Tate’s Bake Shop, which has locations in Southampton, Westhampton and Center Moriches.
According to a release, Mondelz International has an agreement with The Riverside Company, a global private equity firm, and other shareholders, including founder Kathleen King, to acquire Tate’s Bake Shop.
Besides Having A Clear Timeline What Did You Do Differently The Second Time Around
When I opened Kathleen’s, I was 21 years old. It was my baby, so I worked 24 hours a day and thought nobody could do anything as well as I could. The second time around, I vowed that I wasn’t going to be emotional I told myself I was not going to give blood for Tate’s. People don’t understand that you can have a business and love it and be passionate, but you don’t have to be so attached. That lack of attachment liberated me to function more clearly and execute more quickly.
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Despite All That Planning Did You Have Any Reservations About Selling And Stepping Away From The Business
No. I had a business manager who’d often say, “Don’t sell. We’ll grow it even bigger.” But there’s nothing more valuable than time. If something were to go seriously wrong when I was running the business, it would be on me. If the building burned down, it would be on me. When I went to sleep at night, I had 200 people I was responsible for.
Reviews For Tate’s Bake Shop
WOW!!! I was just browsing in the supermarket and glance at the cookies and thought I haven’t had butter crunch cookies since elementary school. Only grab the bag just because of the butter crunch but when I got home and tried it I was floored It felt like elementary School all over again but 10 times greater I have a new cookie thanks Tate’s
Favorite place in the Hamptons! They even have gluten free chocolate chip cookie sandwiches!! Amazing coffee and sweet staff! The only thing is they close a bit early so make sure u make it 1st in your list to visit!
Just want to say from the 1st time I tried there uniquely crispy deeply delicious chocolate chip cookies thin buttery and crispy 3 in Krispy well so delicious best tasting cookies in a bag and from across the United States back to over here sof a year so unheard of to be so delicious I buy them every week!
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