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The "half-a-billion" proposed sale represents "an enormous exit” for investors, said Mark Lesko, vice president of economic development at Hofstra University. I do. The store-bought cookies were about 2-1/2 inches in diameter. A company doesn’t have to be high tech.”. I love that it's crispy and thin. A Tate’s Bake Shop signature. I have to have a strategy; I have to plan to grow this business so I can sell it when I'm 55 and retire.". Baked goods from Tate's Bake Shop are perfect for any occasion. “You just don’t see $500 million exits every day, certainly not on Long Island.”, It shows that "regardless of the industry, whether it’s biotech or chocolate chip cookies, if you have developed an amazing product and company, the capital will find you,” said Lesko, who has worked extensively with startups and investors on the Island. We've been getting them delivered through Amazon Fresh. Mottolese said at the time that the company had about 320 employees. Known for its signature thin-and-crispy cookies with simple, authentic, high-quality ingredients, Tate’s is a fast … Mondelez, the conglomerate behind brands Oreo, Chips Ahoy, and Ritz Crackers, will acquire cookie maker Tate’s Bake Shop for $500 million in cash. 99 - $55.28 $ 55 . The founder of Tate's Bake Shop loves cookies, but after 40 years of baking she discovered something she loves even more. In January, Tate’s announced plans to expand its warehouse and distribution operations in Westhampton Beach. I've only had the chocolate chip flavor. Your question might be answered by sellers, manufacturers, or customers who bought this product. My desire to duplicate these cookies started almost immediately. Product Title (12 Pack) Tate'S Bake Shop Ginger Zinger Cookies, 7 ... Average rating: 4.5 out of 5 stars, based on 12 reviews 12 ratings Current Price $24.99 $ 24 . Cookie Settings | Find a store location with our cookies near you. The … My cookies were between 2-1/2 and 2 3/4 inches in diameter! "It can be done in a way that results in a huge exit. The CEO declined to provide specific revenue figures for privately-held Tate's, but said the company has more than quadrupled in size over the last five years. Product Title Tate's Bake Shop Cookies 3 Flavor Variety Bundle: (1) Tate's Chocolate Chip Cookies, (1) Tate's Double Chocolate Chip Cookies, & (1) Tate's White Chocolate Macadamia Nut Cookies, 7 oz ea. Tate’s/ Facebook I likely first heard of Tate’s Bake Shop — the cookie company Oreo maker Mondelez International just bought for a cool $500 million — … Here are 15 of the tastiest store-bought chocolate chip cookies ever. "With a unique and authentic brand and truly delicious products, this acquisition gives us an attractive entry point into the fast growing premium cookie segment.". Tate's, the once humble bake shop in the Hamptons, is being sold for $500 million to Mondelez International Inc., the snack food giant that makes Oreos cookies and Ritz crackers. is traditionally my go-to brand. Advertise with Newsday | Tate's Bake Shop has single-handedly reclaimed crunchy cookies though, proving that a wafer-thin chocolate chip cookie can be every bit as delicious … Jun 10, 2020 - Explore Cynthia Biggers's board "Tate’s cookies" on Pinterest. California Privacy Rights | Privacy Policy | I've only had the chocolate chip flavor. Tate’s Bake Shop, a Long Island company that traces its roots to the early 1970s when founder Kathleen King first sold her homemade cookies at … So when I opened Tate's, I said, "OK. The deal was first reported by … But there's nothing more valuable than time. The second time around, I vowed that I wasn't going to be emotional; I told myself I was not going to give blood for Tate's. Tates puts out 1.7 million cookies and over 5000 wholesale accounts in the US, Canada, Hong Kong and the Caribbean. The company's products — available in 85 percent of supermarkets throughout the United States — are all produced on Long Island. We also are fans of their Tiny Tate's chocolate chips. I made a bad business deal and ended up losing everything. "Tate's is a great strategic fit that will complement our portfolio of beloved snacks brands," Dirk Van de Put, chairman and chief executive of Mondelez said in a company news release. Mondelez (MDLZ), the owner of Oreo, Chips Ahoy and Ritz Crackers, plans to buy Tate's Bake Shop for $500 million. If the building burned down, it would be on me. Help, There's a reason for New York to be hopeful, Popular LI baker opens storefront specializing in stuffed cookies, LIRR engineer still on payroll after move to North Carolina, report says, Knicks' Toppin show off skills in first preseason game. Diving right in, I found that familiar… More: Food Subscription Boxes for Tasty Treats on Demand. Subscription terms | For full transparency, Chips Ahoy! 1 chocolate chip cookie, recently sold to Mondolēz International for $500 million. Sitemap | When I went to sleep at night, I had 200 people I was responsible for. My husband bought a bag of Tate’s Chocolate Chip Cookies on clearance at World Market. After all these years, they're still my weakness. Mottolese said the aqcuisition could result in the expansion of manufactuing capacity locally, or include the opening of additional production facilites elsewhere, though the company will operate as a standalone business unit and remain locally based. Average Rating: (0.0) out of 5 stars. The company operates out of several facilities on the East End, and operates a retail bake shop in Southampton. Four years later, Oreo maker Mondelez International bought the entire business for … King sold Tate's for $100 million to the Riverside Company, a private equity firm, but kept a minority stake. Reprints & permissions | Current Price $18.99 $ 18. https://www.food.com/recipe/tates-bake-shop-chocolate-chip-cookies-147910 White Chocolate Macadamia Nut cookies combine sweet, mouthwatering white chocolate with delectable macadamia nuts, baked into a thin, crisp cookie that's full of buttery goodness! I love that it's crispy and thin. Deerfield, Illinois-based Mondelez, which owns many confectionary brands formerly owned by Kraft Foods Inc., had about $26 billion in net revenue last year. I tried using Alton Brown’s “The Thin” cookie recipe but it lacked the crispiness. Tate's Bake Shop: A Southampton, NY Restaurant. The store in South Hampton also sells cakes, pies, muffins and brownies. Thin and Crispy. YONKERS, NY — And the top chocolate chip cookie Rating goes to… Tate’s Bake Shop! Nabisco Chips Ahoy Original Chocolate Chip. CORRECTION: An earlier version of this story listed the number of cookies Tate's produces each day incorrectly. Tate's Bake Shop sold to Manhattan investment firm. They are great for dunking into milk. Founded by Kathleen King, Tate’s packaged chocolate-chip cookies have been showing up on the shelves of more grocery stores in recent years. Type: Soft. The company's baked goods — packaged with its green and white label — are distributed across the country. I hired TM Capital, an investment bank in New York City. I christen this copycat recipe an A. That lack of attachment liberated me to function more clearly and execute more quickly. 2 of 15. In 2014, private equity firm Riverside Co. purchased a majority stake in the company with plans for a major expansion of staff and products. One of Tate’s best and most delicious cookies! Tate's Bake Shop in Southampton on July 14, 2012. Credit: Ian J. Stark. It's great for a packaged and store-bought cookie. 99. Following the sale of her business, Southampton, New York-based Tate's Bake Shop, Kathleen King retired in 2018. The latest LI business news in your inbox Monday through Friday. The sale is “going to enable us to really leverage Mondelez’ expertise,” said Maura Mottolese, who joined Tate's in 2014 as chief executive. Shop our selection of cookies, gift baskets, and more! No. But only when I really need something, because if I have cookies in the house, I'll eat them. Your ad choices | Crispy, crunchy, and caramel-tinged with smooth semisweet chocolate chips, these are the king of all cookies. 28 They are great for dunking into milk. The picture below shows a comparison of the store-bought Tate’s Bake Shop Chocolate Chip cookies on the left, and my cookies on the right. The sale is expected to close this summer. View Gallery 15 Photos 1 of 15. A bag of crispy, caramelly, buttery, chocolate goodness. This big plastic tub of tiny cookies from Trader Joe’s sells for $3.99, and our tasters … Mondelēz International announced Sunday it will acquire Tate's Bake Shop, a brand best known for its premium bagged chocolate chip cookies, for … Although Tate’s cookies are sold nationally, and Butterfield Market, on the Upper East Side, sells Tate’s other baked goods, including brownies, pies and scones, I … It was my baby, so I worked 24 hours a day and thought nobody could do anything as well as I could. Very very close in taste and texture to the store DEERFIELD, Ill., May 06, 2018 (GLOBE NEWSWIRE) -- Mondelēz International today announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately $500 million . The day I opened. Nutrition (per cookie): 130 … They told us how to put together the book to send out to investors to get interest. Trader Joe’s. Because I'd made such a terrible mistake the first time around, I said, "I'm going to do everything right this time." ... we give Tate's our seal of approval as our Editor's Choice. The story of cookies that became a cult phenomenon, sold in grocery stores nationwide, started in the town of Southampton at a … It's great for a packaged and store-bought cookie. It was a move she'd been planning since day one. Matt’s Bakery’s “Chocolate Chip” Middle left in photograph. Tate’s Bake Shop, a Long Island company that traces its roots to the early 1970s when founder Kathleen King first sold her homemade cookies at her father’s North Sea farm, has agreed to be acquired for about $500 million by snack food giant Mondelez International Inc. Tate’s — known for its signature thin, chocolate chip cookies — bakes more than 1.5 million cookies at its East Moriches manufacturing facility each day. Today it has about 360 employees, with the overwhelming majority of those working in production. Tate's Bake Shop Thin & Crispy Cookies Variety Pack (4-Count) Tate's Bake Shop amazon.com. Terms of service | Credit: Gordon M. Grant. I had a business manager who'd often say, "Don't sell. This will open up the doors for our brand internationally. When I opened Kathleen's, I was 21 years old. By clicking Sign up, you agree to our privacy policy. It will help expand our capabilities and product lines.”. About Us | Tate's Bake Shop is known locally for its thin chocolate chip cookies. We'll grow it even bigger." "The archives of Ina's 10 (soon-to-be 11) cookbooks are filled with dessert recipes, but there's only one *grocery store* treat that Ina swears by (and you can enjoy them without having to lift a finger): Tate's Bake Shop Chocolate Chip Cookies," writes Lauren Masur on The Kitchn. Our crat baked goods are sold at a variety of stores nationwide. Contact Newsday | Score: 8/10. There ended up being a bidding war. If something were to go seriously wrong when I was running the business, it would be on me. “We have a very small international footprint. Taste them today and find out why they’ve been dubbed the #1 Cookie in America, time and time again. We've been getting them delivered through Amazon Fresh. People don't understand that you can have a business and love it and be passionate, but you don't have to be so attached. See more ideas about Cookies recipes chocolate chip, Thin chocolate chip cookies, Crispy chocolate chip cookies. They also have an online business. More: Food Subscription Boxes for Tasty Treats on Demand privacy policy to high! Planning since day who bought tate's cookies of approval as our Editor 's Choice 4-Count ) 's., manufacturers, or customers who bought this product the founder of Tate ’ best. The time that the company had about 320 employees made half a recipe book to out... 'S, I had 200 people I was 21 years old a bad business deal and up. 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