Wrigley Company

Wm. Wrigley Jr. Company
Subsidiary
Industry Food
Founded April 1, 1891 (1891-04-01) Chicago, Illinois, United States
Founder William Wrigley Jr.
Headquarters Global Innovation Center, Goose Island, Chicago, Illinois, United States
Area served
 Worldwide
Key people
Products Juicy Fruit, Wrigley's Spearmint, Doublemint, others
Revenue Increase $5.389B (2007)
Increase $961.9M (2009)
Number of employees
 16K
Parent Mars, Incorporated
Website www.wrigley.com
The Wrigley Building, former HQ

The Wm. Wrigley Jr. Company, known as the Wrigley Company, is an American food company founded on April 1, 1891 by William Wrigley Jr., based in the Global Innovation Center (GIC) in Goose Island, Chicago, Illinois[1] and is wholly owned by Mars, Incorporated. It is currently the largest manufacturer and marketer of chewing gum in the world.[2][3][4]

In 1892, Wrigley Jr. began packaging chewing gum with each can of baking powder. The chewing gum eventually became more popular than the baking powder and Wrigley's reoriented the company to produce the gum. The company currently sells its products in more than 180 countries and districts, maintains operations in over 50 countries, and has 21 production facilities in 14 countries including the United States, Mexico, Spain, the United Kingdom, France, the Czech Republic, Poland, Russia, China, India, Japan, Kenya, Taiwan, and Australia.[5]

In 2005, Wrigley purchased Life Savers and Altoids from Kraft Foods for US$1.5 billion.[6] On January 23, 2007, Wrigley signed a purchase agreement to acquire an 80% initial interest in A. Korkunov for $300 million with the remaining 20% to be acquired over time. On April 28, 2008, Mars announced that it would acquire Wrigley for approximately $23 billion.[7] Financing for the transaction was provided by Berkshire Hathaway, Goldman Sachs and JPMorgan; Berkshire Hathaway held a minority equity investment in Wrigley until October 2016.[8][9]

The Wrigley Building on Michigan Avenue, one of Chicago's best-known landmarks on the Magnificent Mile, was originally the company's global headquarters until 2011, when it was sold to an investor group that included Zeller Realty Group as well as Groupon co-founders Eric Lefkofsky and Brad Keywell.[10] The company headquarted in the GIC in 2012 since.

Corporate leadership

1891–1932: William Wrigley Jr.

In 1891, 29-year-old William Wrigley Jr. (1861–1932) came to Chicago from Philadelphia with $32 and the idea to start a business selling Wrigley's Scouring Soap. Wrigley offered premiums as an incentive to buy his soap, such as baking powder. Later in his career, he switched to the baking powder business, in which he began offering two packages of chewing gum for each purchase of a can of baking powder. The popular premium, chewing gum, began to seem more promising. Wrigley also became the majority owner of the Chicago Cubs in 1921.

1932–1961: Philip K. Wrigley

After the death of William Wrigley Jr., his son Philip K. Wrigley (1894–1977) assumed his father's position as CEO of the Wrigley Company. Wrigley is most well known for his unusual move to support US troops and protect the reputation of the Wrigley brand during World War II, in which he dedicated the entire output of Wrigley's Spearmint, Doublemint, and Juicy Fruit to the US Armed Forces. Wrigley launched the "Remember this Wrapper" ad campaign to keep the Wrigley brands on the minds of the customers during times of wartime rationing.[6]

1961–1999: William Wrigley III

In 1961, Philip K. Wrigley handed control to his son, William Wrigley III (1933–1999). Wrigley led a strategic global expansion through the establishment of Wrigley facilities in nine new countries.[6] On June 26, 1974, a Marsh Supermarket in Troy, Ohio installed the first bar code scanning equipment. The first product to be scanned using a Universal Product Code (UPC) bar code was a 10-pack of Wrigley's Juicy Fruit gum.[11] (This pack of gum is now on display at the Smithsonian Institution's National Museum of American History.) In 1984, Wrigley introduced a new gum, Extra, which followed the new trend of sugar-free gums in the US.[6] Wrigley also assumed control of the Chicago Cubs after his father's death in 1977, and sold the team to the Chicago Tribune in 1981.

1999–2006: William Wrigley IV

William "Bill" Wrigley IV (1963–), following the death of Wrigley III (his father), led the sugar-free gum campaign across Europe, Australia, Spain, India, and China.[6] In 2005, Kraft Foods sold the Life Savers and Altoids businesses to Wrigley in exchange for $1.5 billion as part of a reorganization plan.[12] Wrigley led the establishment of the Wrigley Science Institute (WSI) in 2006 to study the oral health benefits of gum chewing. The WSI investigates the effects of gum chewing on weight management, stress relief, concentration, and oral health.[6]

2006–2008: William Perez

On October 23, 2006, William D. Perez (1948–) succeeded Bill Wrigley as CEO. He was the first person outside the Wrigley family to head the company. In 2007, the company debuted 5 Gum in the US. The 5 Gum brand was marketed using cinematic TV commercials portraying "What it feels like to chew 5 Gum". Perez led the efforts of improving slimmer packaging (Slim Pack) with flavor improvements across both Extra and Wrigley brands.[6]

2008–2011: Dushan "Duke" Petrovich

Dushan Petrovich (1954–) succeeded Perez almost immediately after Mars, Incorporated's 2008 purchase of Wrigley. In 2009, Wrigley's Global Innovation Center received the LEED Gold Certification through Wrigley's commitment to global sustainability. In the 2010 Olympic Games in Vancouver, British Columbia, Wrigley was the Official Confectionery Supplier of the games, in which the company sported Olympic-themed packs and products.[6]

2011–Present: Martin Radvan

Martin Radvan became the president of the Wrigley Company after Petrovich. He is responsible for the company’s worldwide strategy, operations and business performance.[13]

Subsidiaries

Changes in gum

In some countries, xylitol is used to sweeten gum instead of aspartame. By avoiding sugar, the chance of tooth decay is lowered, since the sugar otherwise used may turn into acid after chewing the gum. It is also claimed that in chewing, it may help to remove food residues. Xylitol-based products are allowed by the US Food and Drug Administration to make the medical claim that they do not promote dental cavities.[14]

New product

Wrigley temporarily halted production and sales of its new Alert energy gum as the Food and Drug Administration investigates the safety of caffeinated-food products.[15]

Brands

Gum

United States
A newspaper ad from 1920 for three types of Wrigley's gum
Canada
The Wrigley Company Ltd., Estover, Plymouth, UK
Additional products and brands

See also

References

  1. ↑ "" Wrigley Company. Retrieved on July 5, 2012.
  2. ↑ http://www.encyclopedia.com/topic/Wm._Wrigley_Jr._Company.aspx
  3. ↑ http://articles.chicagotribune.com/2013-09-08/business/ct-biz-0908-gum-20130908_1_gum-manufacturers-sugarless-new-ad-campaign
  4. ↑ http://www.wsj.com/articles/SB10001424127887323511804578298211359184812
  5. ↑ "Wrigley Worldwide Locations".
  6. 1 2 3 4 5 6 7 8 "Heritage Timeline", Wrigley Company. Retrieved on September 25, 2012.
  7. ↑ Karnitschnig, Matthew; Berman, Dennis K. (27 April 2008). "Mars, Buffett Team Up in Wrigley Bid". Wall Street Journal. Retrieved 2008-04-27.
  8. ↑ http://fortune.com/2016/10/06/mars-buffett-wrigley-deal/
  9. ↑ http://mobile.reuters.com/article/idUSKCN1261XK
  10. ↑ "Wrigley Building Sold, Groupon Cofounders Among Buyers". The Huffington Post. 2011-09-19. Retrieved 2016-05-18.
  11. ↑ Bellis, Mary. "Bar Codes", Inventors, About.com Guide, 26 September 2012.
  12. ↑ Warner, Melanie. "Kraft Foods Will Sell Altoids and Life Savers to Wrigley", The New York Times, 16 November 2004. accessed 26 September 2012.
  13. ↑ "Leadership", Wrigley Company, 26 September 2012.
  14. ↑ "US Code of Federal Regulations, Title 21". US Food & Drug Administration, Department of Health and Human Services. Retrieved 8 November 2012.
  15. ↑ "WRIGLEY HALTS CAFFEINATED GUM". AP. Retrieved 9 May 2013.
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