Wrigley chewing gum

Juicy fruit and bazooka,(bubble gum was bazooka penny candy with the comics inside wrapper) was the ones that fought for being number one in my life. I chose Bazooka more in the early years because if we had an allowance, we could buy penny candy and that was the selection in the bin at Cozy Corner on the south side of Chicago. Cozy Corner was a great little store and diner located next to South Chicago Hospital. Juicy Fruit came in a package and was more expensive. There was another store across the street that I remember buying magazines and my Archie comics. Another story coming soon on that trend.  But throughout my life, decades later, it was Juicy Fruit, a package of five, created by Wrigley here in Chicago.

In 1891, 29-year-old William Wrigley Jr. 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. Wrigley soon abandoned baking powder, entered the gum industry and in 1893, he offered two new gum brands; Juicy Fruit and Wrigley’s Spearmint.The popular premium, chewing gum, began to seem more promising. Wrigley also became the majority owner of the Chicago Cubs in 1921. William Wrigley Jr. died on January 26th, 1932, at the age of 70 and his son continued to run the company.

According to Wikipedia, In 2005, Wrigley purchased Life Savers and Altoids from Kraft Foods for US$1.5 billion.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. Financing for the transaction was provided by Berkshire Hathaway, Goldman Sachs and JPMorgan (Warren Buffet) Berkshire Hathaway held a minority equity investment in Wrigley until October 2016.

 

3 thoughts on “Wrigley chewing gum”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s