The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
NYS Entity Status
NYS Filing Date
OCTOBER 06, 2014
NYS DOS ID#
FALGUNI VIJAY BRAHMBHATT
1340 2ND STREET
WEST BABYLON, NEW YORK, 11704
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - CANDY PLACE LLC
AROUND THE WEB
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
- The Hunt: A Private Roof Deck on the Upper West Side
By JOYCE COHEN - Thursday Jun 8, 2017
A couple wanted outdoor space, and found it, but at the top of a walk-up building.
- This Candy Company Is Making Sure Its Chocolate Is “100% Slave-Free”
By Ben Paynter - Monday Jul 17, 2017
By investing in grower co-ops, Amsterdam-based Tony’s Chocolonely is working on creating a better supply chain to power our collective sweet tooth.
The unsweet truth about the chocolate industry is that it relies heavily on child labor. More than 2 million children are forced to work in dangerous conditions on cocoa plantations in West Africa, according to a recent Tulane University report. More than 60% of the world’s cocoa supply comes from that region, farmed by about 2.5 million farmers toiling in countries like Ghana and the Ivory Coast. In some cases, small farmers enlist their own children as free labor to make up the shortfall. In others, children and adults are directly trafficked and enslaved by growers, a fate that by some estimates affects 90,000 people in those two places.
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
- Stonewall Inn Project to Preserve Stories Behind a Gay Rights Monument
By SARAH MASLIN NIR - Saturday Jun 17, 2017
A $1 million grant will go toward conserving the oral histories of those who lived through the 1969 riots.
- Another New York Diner Turns Off the Grill, a Victim of Rising Rents
By REMY TUMIN - Sunday Jul 16, 2017
Cup & Saucer is closing after more than 70 years in Lower Manhattan, the latest sign that the days of the classic city diner may be numbered.