See's Candies facts for kids
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| Subsidiary | |
| Industry | Retail and candy |
| Founded | November 1921 |
| Founder | Charles See |
| Headquarters |
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United States
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Key people
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Pat Egan (CEO) |
| Products | Chocolate, candy, brittle |
| Revenue | US$ $410 million (2016) |
| US$ over $80 million (2019) | |
| Owner | Berkshire Hathaway |
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Number of employees
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1,500 year-round, 6,000+ seasonal |
See's Candies is an American manufacturer and distributor of candy, particularly chocolates. It was founded by Charles See, his wife Florence, and his mother Mary in Los Angeles, California in 1921. The company is now headquartered in South San Francisco, California. See's kitchens are located at its headquarters and maintained at its original factory in Los Angeles, where there are also retail shops. It also has an office in Carson, California. The company has been owned by Warren Buffett's Berkshire Hathaway Corporation since 1972.
Location and market area
The See's Candy company primarily vends its products in its own stores, and those of fellow Berkshire Hathaway subsidiary Nebraska Furniture Mart. See's candies are also available at its stores in a number of airports in the United States. See's Candies also operates more than 200 stores in the following U.S. states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Kansas, Minnesota, Montana, Nebraska, New Mexico, New York, Nevada, Oklahoma, Oregon, Texas, Utah, Virginia, and Washington; more than 70% of the stores are in California. There are also stores outside the U.S. in Hong Kong, the Philippines, Taiwan, Singapore, and South Korea, taking advantage of the proximity of the plant to San Francisco International Airport. Seasonally – primarily during the year-end holiday shopping season – See's also offers its product in select markets in kiosks at malls and other shopping centers.
See's markets its product outside these areas via mail order catalog, in order to control the age of its product. The candies are also available through online orders, and links to the candy company's site can be found on Walmart.com and similar internet stores. Through an arrangement with Costco, coupons for boxes of candies may be purchased at the warehouse outlets and redeemed at See's stores or by mail. Coupons are also sold in fundraising efforts.
In 2020, See's Candies temporarily suspended operations due to the COVID-19 pandemic, the first such suspension since WWII when it became difficult to acquire sugar and other ingredients due to the war effort.
In 2020, See's Candies opened a store in Abu Dhabi in Nation Towers.
History
According to the corporate website, Charles Alexander See II (1882–1949) arrived in the United States from Canada in 1921 with his wife Florence MacLean Wilson See (1885–1956), and his widowed mother Mary Wiseman See (1854–1939). Mary See had developed the recipes that became the foundation of the See's candy business while helping run her husband's hotel on Tremont Island in Ontario.
The family opened the first See's Candies shop and kitchen at 135 North Western Avenue in Los Angeles in November 1921. They had twelve shops by the mid-1920s and operated thirty shops during the Great Depression. See's first white and black "all porcelain" store was opened in Bakersfield, California on May 1, 1941.
In 1936 See's opened a shop in San Francisco. It moved operations to make creams and truffles (60% of product sales) to South San Francisco in order to take advantage of the location's cold weather.
In 1972, the See family sold the company, which generated $4 million in pre-tax profit that year, to Berkshire Hathaway for $25 million. On January 3, 1972, Blue Chip obtained a controlling interest in See's Candy Shops. Blue Chip later acquired 100% of See's for an overall price of $25 million. Wesco Financial Corporation was an 80.1% owned subsidiary of Blue Chip Stamps until its complete merger into Berkshire Hathaway in 2011. Warren Buffett has called See's "the prototype of a dream business." (2007) At a 1996 luncheon in San Francisco, Charlie Munger revealed that See's was the first high quality business that Berkshire ever bought. Previous to that point, Berkshire had focused on undervalued assets that could be bought cheaply. The See's acquisition influenced their commitment to buying businesses with a strong reputation and brand recognition.
See's production and warehouse workers are unionized.
The 'couverture' chocolate used by See's is provided by the nearby Guittard Chocolate Company, and nuts come from Mariani Nut Company of Winters, California, just about an hour and 20 minutes away. On June 20, 2012, See's Candies was recognized by the Guinness Book of World Records for the world's largest lollipop, a giant chocolate lollipop weighing 7,003 pounds (3,177 kg) and measuring 4 ft 8.75 in (1.4415 m) long, 3 ft 6 in (1.07 m) wide, and 5 feet 11 inches (1.80 m) high, equivalent to 145,000 regular-size lollipops. The previous largest lollipop record stood at a hefty 6,514 pounds (2,955 kg).
See also
In Spanish: See's Candies para niños
