What if I told you that one day, the most popular Valentine's Day candy in the country would simply up and vanish?
That the bankruptcy of the candy's centuries-old creator would result in not one, not two, but three separate asset sales that would cost the country its ability to communicate on tiny candy hearts for all of 2019.
Welcome to the crazy, true story of the New England Confectionery Co. and its bankruptcy.
And why you won't be able to call much of anything Sweetheart this holiday.
Happy Valentine's Day!
CHECK OUT THE VIDEO AT: https://youtu.be/9H-CxBiNu8g
#Sweethearts #NECCO #VirtualLegality
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Discussed in this episode:
"Be Mine? Nope. SweetHeart Candies Hard To Find This Valentine's Day"
NPR, January 28, 2019
(https://www.npr.org/2019/01/28/688637413/be-mine-nope-sweetheart-candies-hard-to-find-this-valentines-day)
New England Confectionery Company, Inc.
FDA Enforcement Letter, 5/16/18
(https://www.fda.gov/ICECI/EnforcementActions/WarningLetters/ucm607845.htm)
"Necco is sold for $18.8 million at bankruptcy auction"
Boston Globe, May 23, 2018
(https://www.bostonglobe.com/business/2018/05/23/necco-sold-for-million-bankruptcy-auction/j94PlNSPc0TKkKWyZX79mI/story.html)
"Spangler Candy backs out of deal to buy NECCO Wafers"
The Blade, June 2, 2018
(https://www.toledoblade.com/business/2018/06/02/Spangler-Candy-backs-out-of-deal-to-buy-NECCO-Wafers.html)
"Necco wafer factory abruptly shuts down after company is sold to unknown buyer"
Washington Post, July 25, 2018
(https://www.washingtonpost.com/news/business/wp/2018/07/25/necco-wafer-factory-abruptly-shuts-down-after-company-is-sold-to-unknown-buyer/?utm_term=.ede5cf6c2a1e)
"Spangler Candy buys Necco Wafers, Sweethearts brands"
The Blade, September 25, 2018
(https://www.toledoblade.com/business/2018/09/24/spangler-candy-buys-necco-wafers-sweethearts-brands-bryan/stories/20180924232)
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THANKS FOR WATCHING!
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(https://www.youtube.com/channel/UCZrxXp1reP8E353rZsB3jaA)
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