SubstantialCount3226@alien.topBtoSmall Business•What’s the hardest part of taking over the family business?English
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1 year agoGreedy kid took over Huy Fong Foods and wrecked it. Lost court case against farmer, got banned in EU, their previous biggest supplier started selling their own sriracha since it’s not trademarked, massive production issues, ongoing shortage, lost shelf space to knockoffs… It’s a market worth billions that they’ve lost market space in so the financial loss must be massive.
Sure I’m not a fan of that snarky attitude either. I don’t know all the details, but it’s an interesting story and a good reminder of how to not ruin partnerships to try and save pennies…