Business
In 1963, after having helped to build the family firm into the third largest coffee wholesaler in the United States, Folger sold the company to Procter & Gamble for 1,650,000 shares of P&G common stock. However, he and the Folger family continued to operate Folgers as a P&G subsidiary.
Read more about this topic: Peter Folger
Famous quotes containing the word business:
“A grocer is attracted to his business by a magnetic force as great as the repulsion which renders it odious to artists.”
—Honoré De Balzac (1799–1850)
“I must create a system or be enslaved by another man’s;
I will not reason and compare: my business is to create.”
—William Blake (1757–1827)
“Oh, I realize it’s a penny here and a penny there, but look at me: I’ve worked myself up from nothing to a state of extreme poverty.”
—Arthur Sheekman, U.S. screenwriter. Norman McLeod. Groucho Marx as himself, in Monkey Business (film)