Chobani founder and CEO Hamdi Ulukaya is “not against” taking his yogurt company public. But he is decidedly not interested in selling it to a food conglomerate, a popular path for many consumer packaged goods brands.
“What happens is all these little brands, these good brands, as they grow, because of the financial structure, 99 percent of them become part of larger organizations,” he said, speaking at our Code Commerce conference in New York City. “When they become part of a larger organization, it’s the end of their promise.”
When asked by Recode Editor at Large Kara Swisher, “Would you ever consider selling out to a large organization? All of them do,” Ulukaya responded, “No, I’ve said no from Day One.”
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