The Hershey Company
The Hershey Company ( Hershey Foods Corporation to April 2005, commonly known as Hershey's ) is one of the largest chocolate manufacturers.
The company is listed on the stock index S & P 500, ISIN US4278661081. The company is based in Hershey, Pennsylvania - a city that is steeped in some days with the smell of cocoa and Hershey 's Chocolate World is home. The company was founded by Milton S. Hershey in 1894 under the name Hershey Chocolate Company, which at that time formed a subsidiary of his Lancaster Caramel Company. The confectionery of the company are marketed worldwide. Among other things, the Hershey Reese's Peanut Butter Cup one of the best-selling candies in the USA manufactures and is the producer of Hershey 's Tropical Bar, which is a component of field and emergency rations of the U.S. armed forces.
Hershey's is one of the oldest chocolate manufacturers in the U.S. and thus has a certain supremacy. The company now owns many other confectionery brands and is further connected to the Hershey Entertainment and Resorts Company, which runs Hersheypark ( an amusement park on the topic of chocolate), as well as with the Hershey Bears ice hockey team, the HersheyPark Stadium and Giant Center intertwined.
History
After an apprenticeship at a confectioner Milton Snavely Hershey founded in 1876 a candy store in Philadelphia, which had six years later declare bankruptcy. After an unsuccessful attempt to manufacture, confectionery in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved to be successful. 1900 Hershey sold his caramel company for one million U.S. dollars (about 18 million euros, considering today's purchasing power ) and began to devote himself to the production of chocolate.
Most chocolate products from Hershey 's are not made with traditional European recipes, but with less cocoa and more sugar. Although they are very popular in its home market, they do not achieve the same popularity, the chocolate in Europe or other countries, with a stronger tradition of chocolate. For this reason, the market share of Hershey's in these countries is significantly lower than in their home market.
Criticism
The chocolate industry, including the Hershey Company, has signed the so-called Harkin - Engel Protocol in September 2001. The protocol includes measures that should lead in the cocoa industry until 2005 to end the worst forms of child labor or slavery. A report of the ARD 2010 came to the conclusion that large companies such as Mars Inc., as well as Kraft Foods and Nestlé still child slavery " at least tolerate. " An evaluation of the Tulane University Established 2011 found that of the six in the Harkin - Engel protocol above measures not only been fully implemented.
Working conditions
In August 2011 the company came under fire when a group of 400 students who were working as temporary workers at Hershey's, publicly protested the working conditions in the production and expressed that they were treated as slave laborers.
Boycott
A call for a boycott of all Hershey products launched 2011/2012, the AIDS Healthcare Foundation with the accusation of discrimination of HIV infected 13 year old boy from a boarding Hershey -funded because of " threat to the health & safety of" others " ( " Direct Threat to the Health & Safety of Others " )" was referenced.