Ulukaya reveals Chobani was nearly forced into bankruptcy after Idaho recall
Hamdi Ulukaya · Chobani: Hamdi Ulukaya · Nov 14, 2022 · at 1:17:54
Hamdi Ulukaya, founder and CEO of Chobani, discloses for the first time publicly that bank loan demands post-recall almost pushed the company into bankruptcy.
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“You're about to File bankruptcy. Exactly. I've never talked about this anywhere before. It wasn't that damaging. But what it is, is the banks got really nervous, and they wanted their loan to be paid back. And that loan was used to build a factory supported by EBITDA. Now you have enormous amount of losses because of that factory.”
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