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Companies (21)

Chobani Founder Accused Of Stealing Rival's Yogurt Recipe

Image Hamdi Ulukaya, the founder and CEO of Chobani, allegedly bribed a former employee at Fage to reveal the rival's recipe for Greek yogurt, according to Ulukaya's ex-wife. A recent court filing obtained by The Huffington Post accuses Ulukaya, a Turkish born immigrant and now billionaire, of repeatedly bragging about how he "traveled to Europe and bribed this employee with 30,000 Euros." The allegations are being made by Ulukaya's ex-wife, Ayse Giray. The former couple has been locked in a legal battle since 2012, when Giray first claimed Ulukaya denied her a stake in the company.

Chobani Hires P&G Divisional Finance Chief as CFO

Image Yogurt maker Chobani Inc. has named Dipak Golechha, an 18-year veteran of Procter & Gamble Co., as its new chief financial officer. Mr. Golechha, who will start on Jan. 1, has been a divisional CFO at P&G, most recently for its global feminine health and hygiene business, where he also is chief operating officer. Before that, he was CFO for its global snacks division. The appointment of Mr. Golechha is the latest in a string of executive appointments at the New Berlin, N.Y.-based company. In July, for example, Chobani hired David Denholm, formerly in charge of Kellogg Co.’s main breakfast division, as COO, and Peter McGuinness, a longtime advertising executive, as its chief marketing and brand officer.

Dr. Oz Makes His First Hearst House Call to Chicago

Image In medical terms, Dr. Mehmet Oz's Hearst Magazines project has just begun "gestation" (no title yet for a magazine set to begin testing in first-quarter 2014), but the acclaimed cardiologist and television personality did his first meet-and-greet at a July 10 HM luncheon for the Chicago advertiser and agency communities at the Peninsula Hotel.  

Former White House Official Joins Sierra Nevada Corporation

Image PARKS, Nev., (SNC PR) – Sierra Nevada Corporation (SNC) is pleased to announce that John Olson, Ph.D., former Assistant Director for Space and Aeronautics, Office of Science and Technology Policy in the Executive Office of the President, has joined SNC as vice president of Space Systems. “SNC and I are truly fortunate to have John Olson join our senior leadership team,” said Mark Sirangelo, head of SNC’s Space Systems. “John’s world-class experience, vision, and energy will enable our success with the Dream Chaser® Space System and our strategic enterprise.”

National Campaign Calls on Yogurt Brand to Live Up to Ads and Stop Using Milk From Cows Fed GMOs

Image Chobani is the United States' top Greek yogurt brand and it prides itself on adding no GMO ingredients to its yogurt.  However, it is likely that the company is relying on milk from cows eating a diet full of genetically modified organisms (GMOs). GMO Inside, a national, non-GMO coalition led by Green America, is calling on Chobani to cease marketing its products as "real" and "natural" until the company switches to verified non-GMO milk sources.

Gulaylar Group Purchases The Whole Retail Section at The International GEM Tower

Image New York — Herrick, Feinstein LLP has represented The Gulaylar Group, a diversified Turkey-based company and leader in the international jewelry and diamond industry, in its acquisition of a three-level, 12,000-square-foot retail condominium at Extell Development Company’s International Gem Tower (IGT) on West 47th Street in Manhattan’s diamond district. “The Gulaylar Group has long been a presence in Manhattan’s Diamond District but this new retail condo offers an exceptional opportunity to capitalize on their experience and stellar reputation,” said Barbaros M. Karaahmet, a Partner and co-chair of the firm’s Turkish Practice Group, who has been representing the Gulaylar family for the past 15 years. “We are delighted to have played a role in this significant transaction,” he added.

Court Denies Beechcraft Challenge Of Lost Contract

ImageWICHITA, Kan. (AP) - Kansas airplane maker Beechcraft has lost a legal battle to halt work on a high stakes Air Force contract awarded to rival Sierra Nevada Corporation. The U.S. Court of Federal Claims on Friday denied Beechcraft's request for a temporary injunction. The contract for 20 planes for use in Afghanistan is worth more than $427 million. It could be worth as much as $1 billion, depending on future orders.
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