Company type | Subsidiary |
---|---|
Industry | Kitchen and Food products |
Founded | 1980River Forest, IL |
Headquarters | , |
Area served | United States, Canada, Germany, Austria, France |
Key people | Andrew Treanor (CEO) Doris Christopher (chairman & founder) |
Products | |
Owner | Berkshire Hathaway |
Website | www |
Pampered Chef is a multinational multi-level marketing company [1] that offers a line of kitchen tools, food products, and cookbooks for preparing food in the home.
It has a worldwide direct sales force of about 35,000 in addition to 400 corporate staff. [2] The company is headquartered in Addison, Illinois, and operates in five countries: the United States, Germany, Canada, Austria, and France.
Doris Christopher founded Pampered Chef in 1980 in the basement of her suburban Chicago home. Christopher came up with a party plan to offer kitchen tools directly to consumers through in-home cooking demonstrations, a concept first popularized by Tupperware. The company expanded to Canada in 1996, the UK in 1999, Germany in 2000, Austria in 2019, and France in 2020. [3] [4]
The company was acquired in 2002 by Warren Buffett's Berkshire Hathaway corporation. [5] On October 30, 2014, Berkshire Hathaway appointed long time advisor Tracy Britt Cool to the position of CEO. [6] According to Direct Selling News, "the company’s revenue has fallen from $320 million in 2015 to $280 million in 2018." [7] In March 2020, the company's COO, Andrew Treanor, took over on the role of CEO. [8]
The company closed its UK business, and wound down UK operations as of December 31, 2015. [9] [10]
In 1990, Pampered Chef released a product known as the Valtrompia bread tube. The product is a metal tube in which refrigerated bread dough can be baked into a narrow, scalloped-edge loaf. [11] As of the late 1990s, the product is available in five shapes—flower, square, heart, scalloped, and star. The bread is baked with the tube placed upright in the oven, allowing the bread to rise vertically along the tube. [12]
In April 2023, Pampered Chef was sued for alleged data sharing and sharing video viewing history from people visiting the company website with Google and Facebook. [13] In June 2023, Pampered Chef settled the lawsuit claiming they did share video viewing history of users. [14]
The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz, is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. The company was founded by Henry J. Heinz in 1869. Heinz manufactures food products in plants on six continents, and markets these products in more than 200 countries and territories. The company claims to have 150 number-one or number-two brands worldwide. Heinz ranked first in ketchup in the US with a market share in excess of 50%; the Ore-Ida label held 46% of the frozen potato sector in 2003.
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of October 2024, he had a net worth of $147 billion, making him the eighth-richest person in the world.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Founded in 1839 as a textile manufacturer, it transitioned into a major conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger.
The Wm. Wrigley Jr. Company, known as the Wrigley Company, is an American multinational candy and chewing gum company, based in the Global Innovation Center (GIC) in Goose Island, Chicago, Illinois.
Fruit of the Loom is an American company that manufactures clothing, particularly casual wear and underwear. The company's world headquarters are located in Bowling Green, Kentucky. Since 2002, it has been a wholly owned subsidiary of Berkshire Hathaway.
See's Candies is an American manufacturer and distributor of candy, particularly chocolates. It was founded by Charles See, his wife Florence, and his mother Mary in Los Angeles, California in 1921. The company is now headquartered in South San Francisco, California. See's kitchens are located at its headquarters and maintained at its original factory in Los Angeles, where there are also retail shops. It also has an office in Carson, California. The company has been owned by Warren Buffett's Berkshire Hathaway Corporation since 1972.
Wesco Financial Corporation was an American diversified financial corporation headquartered in Pasadena, California. Wesco was originally the holding company for Mutual Savings, a savings and loan association. Mutual Savings' thrift operations were sold to CenFed Bank in 1993. It was for a long time 80.1% owned by Blue Chip Stamps, which is now completely and fully owned by Berkshire Hathaway, which is controlled by legendary investor Warren Buffett. Charlie Munger, the vice-chairman of Berkshire Hathaway and Buffett's business partner, was CEO and chairman of Wesco from 1984 to 2011. Munger, formerly a practicing attorney, is known for his straight-shooting style and his conduct at the now discontinued Wesco shareholder meetings in Pasadena, where he used to interact with the outside investors at considerable length. In June 2011, Berkshire Hathaway acquired the approximately 20% of Wesco that it did not already own, making it a wholly owned subsidiary of that company.
Borsheims is a luxury jewelry store that sells fine jewelry, timepieces, engagement rings and home decór in Omaha, Nebraska. In 1870, Norwegian immigrant and silversmith Louis Borsheims founded his independent jewelry business that would later become known as Borsheims. The luxury jewelry retailer began as Brown and Borsheim. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim, thus began the Omaha staple, Borsheims. The business was sold to Louis Friedman and Simon Gorelick in 1947. In 1950, Louis bought out his brother in law, Simon Gorelick and his son Ike joined the business, who both retained the Borsheims name. In 1980, Ike Friedman bought out his father, Louis. Ike's son Alan and son in law joined the business. In 1985, his other son in law, Donald Yale joined the business. His two daughters, Janis Yale and Susie Cohn also worked in the business.
Jay W. Christopher is chairman and founder of “Thatcher Corporation” of Naperville, Illinois, a funder and incubator for start up companies.
Berkshire Hathaway Energy is a holding company and subsidiary of Berkshire Hathaway, which owns 100% of the company. Berkshire has owned a controlling stake since 1999. The company also controls power distribution companies in the United Kingdom and Canada.
Ajit Jain is an Indian-American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018. Ajit Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank.
HomeServices of America is the United States' largest residential real estate services company, based on closed transactions. The company provides real estate brokerage services, mortgage loan origination, franchising, title insurance/escrow and closing services, home warranties, property insurance, casualty insurance, and relocation services.
David L. Sokol is an American business executive. He is a Chairman of Teton Capital LLC, headquartered in Wilson, Wyoming. He served as chairman, president, and CEO of NetJets, as well as a chairman of MidAmerican Energy Holdings Company, of which Berkshire Hathaway holds a 100% and 89.8% stake respectively.
Tungaloy Corporation is a company that specializes in production and sales of metal cutting tools as well as industrial products. Headquartered in Iwaki, Fukushima, Japan, it was the first company in the country to succeed in developing superhard alloy. Tungaloy is a member of the International Metalworking Companies (IMC), which is owned by Berkshire Hathaway. In November 2011, the company celebrated the opening of its new production facility in Japan; as the Chairman, President, and CEO of Berkshire Hathaway, Warren Buffett took part in the ceremony.
Tracy Britt Cool is an American business executive and entrepreneur who was widely noted as a Warren Buffett protégé. She chaired four Berkshire Hathaway subsidiaries before co-founding Kanbrick, a private equity firm, in 2020.
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.0 billion in annual sales as of 2021.
Ted Weschler is an American hedge fund manager who is the current investment manager at Berkshire Hathaway. Alongside Todd Combs, he is frequently cited as a potential future Chief Investment Officer of Berkshire.
Gregory Edward Abel is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.
CTB, Inc. is a global designer and manufacturer of systems for preserving grain, producing poultry, pigs and eggs, and processing food and a subsidiary of Berkshire Hathaway. The company is headquartered in Milford, Indiana., and employs approximately 3,000 people worldwide.