By now you’ve probably seen the news that Mars (with help from Warren Buffett’s Berkshire-Hathaway) is planning to buy Wrigley. This is interesting to me on a few levels–when I did research, I focused on what we call “packaged goods” (namely everything you buy at the grocery store) and did a lot of confectionery research. So when this deal was announced, I was a bit surprised from a business sense. I never thought Bill Wrigley Jr. would sell his family’s company. Of course, since they’re public, the family doesn’t own the whole company anymore, and the company’s main focus isn’t to manufacture good candy, it’s to be responsible to the shareholders. Sometimes that means selling yourself so that the shareholders get the best deal (though I can’t wrap my head around the idea that the best idea is selling out, which means here that the shareholders get cash and no stock….if I was an individual stockholder, I’d no longer own a piece of the company. Yeah, it’d be nice to get the big bucks, but it’s a payout, and you no longer have that cache of owning a company).
The business part of this also makes me glad I’m not doing research because it’s a pain in the ass to find information on private companies–especially Mars. They’re really private. It’s basically impossible to find detailed financials on them–which was always fun explaining to the poor consultant who I just laughed at because he/she didn’t usually know any better. Their manager (who did know better) told them to get the information.
Anyway, this is also interesting because I wonder what will now happen to Wrigley Field and the surrounding neighborhood, aptly called Wrigleyville. The Cubs are for sale, and Wrigley doesn’t pay for stadium rights…will this mean the name could change? Would Mars pony up for it? Could I be living near Mars-Buffettville? Though that makes me think of a Mars buffet, and boy, wouldn’t a candy buffet be nice right about now?
Oh, I know. I can totally be bought off with candy. If the offer is right.





