Page 7 - Business Facts

This popular company was founded over 400 years ago in the Ottoman Empire, and it's still going strong!

The Avedis Zildjian Company is now known by the much simpler name Zildjian. Today, it's an American company, but it got its start in the Ottoman Empire almost four centuries ago. Zildjian was founded in Istanbul, Turkey, by an Armenian named Avedis Zildjian.

Zildjian was an alchemist by profession. As with all alchemists, he labored away in vain trying to turn base metals into gold. Along the way, though, he did manage to come up with something of value. Zildjian was responsible for creating an alloy of tin, copper, and silver. He found that the alloy was capable of making musical sounds without breaking.

And so his legacy was launched in 1623 with the beginnings of an industry. It became a family tradition that only the company's heirs knew the exact process behind the manufacture of Zildjian cymbals.

Later, in the 19th century, Zildjian manufactured cymbals as musical instruments for the Ottoman Empire. Then, around 1928, Avedis III, his brother Puzant, and their uncle opened for business in Quincy, MA. They made many innovations and actually competed with their counterpart Zildjian company in Turkey.

Any company that's been around for over 400 years must be doing something right.


The Hard Rock Cafe is owned by the Seminole Tribe of Florida!

The first Hard Rock Cafe opened June 1971 in London, England. The first restauran had eclectic decor, but it eventually started displaying memorabilia.

The HRC eventually started expanding in 1982, adding locations in places like Toronto, LA, Chicago, Paris and Berlin.

In March 2007, the Seminole Tribe of Florida purchased Hard Rock Cafe International Inc. And all related entities for almost $1 billion!

The chain has over 145 restaurants. What's interesting about them is that even with such a high number of restaurants, they do not franchise them in the US.

Learn more about this fascinating chain at the source!


7-Eleven started in the US in 1927, but after facing bankruptcy in 1998, the entire company was bought by a Japanese corporation called Ito-Yokado.

7-Eleven stores originated in 1927 in Dallas, Texas, when John Jefferson Green had an idea and started selling milk, eggs and bread from an improvised storefront. This significantly cut back on the need for locals to travel far to grocery stores for basic items.

7-Eleven is now part of an international chain of convenience stores. It primarily operates as a franchise. In fact, it's the world's largest franchiser and licenser of convenience stores with more than 50,000 outlets worldwide. For perspective, that's approximately 1,000 more stores than the McDonald's Corporation.

Stores are located in 16 countries, but its largest market is Japan with 15,000 stores, followed by 8,200 in the United States.

In 1998, the company was rescued from bankruptcy by the Japanese corporation Ito-Yokado, its largest franchisee. Downsizing also resulted in many metropolitan areas losing 7-Eleven stores to competing convenience store chains.

In 1991, the Japanese company gained controlling shares of 7-Eleven and formed Seven & I Holdings Co., Ltd., of which 7-Eleven became a subsidiary in 2005. The company is expanding its American operations and is planning an additional 1,000 stores in the United States. Although 7-Eleven was originally 'made in the USA,' Japan now controls all the 7-Eleven stores in the world.


Some awesome lists!

The best-selling drink in every country on Earth is a Coca-Cola product--except one. Can you guess which?

Few companies have ever dominated the global market the way Coca-Cola has. It's not surprising that it's right up there with the most recognizable brands in the world. Just how popular is it? Coca-Cola, or a drink owned by the Coca-Cola company, is the best selling drink in every nation on Earth . . . Except one.

That proud country is Scotland. Irn-Bru is a local drink, the recipe for which has been kept from public knowledge for well over a century. It retains the title for best-selling drink there, but it's not as though Coca-Cola hasn't been doing it's part to try to topple their arch-rival.

Ask the Scots themselves, and many will claim that the reason Irn-Bru has stayed so popular is loyalty to the brand; going with a famously Scottish drink over a quintessentially American brand just feels like the patriotic thing to do.

In fact, all over the world, Coca-Cola sales suffer most in areas in which anti-American feeling is strongest. In the Middle East, alternate colas are sold as a way of bypassing the purchase of an American product.

Whatever politics may be involved, the fact remains that Coca-Cola, by any measure, is phenomenally successful. Every second, 17,361 servings are sold globally!


Domino's used to be a total joke of a company, but their performance in the last few years has been shocking!

It seems food companies are always on the lookout for new ideas. Few things are more important in business than keeping a leg up on the competition, and Domino's knows all about that.

In 2009, Domino's suffered a tough year, and it's stock took a beating. By the end of 2011, though, it had made a comeback to the tune of 233 percent!

It did not happen overnight. Behind the scenes, it was obvious that rebranding was needed to come out of such a slump.

After Domino's 50th business anniversary in 2010, the company decided to give their pizza a new recipe "from the crust up." Thoroughgoing changes were made to the dough, sauce, and cheese.

Furthermore, Domino's went public and admitted their former shortcomings and how they had hurt their pizza's reputation.

Everything up to that point had been slightly risky. There were questions about whether or not people would like the new pizza. But Domino's fortunes have indeed turned around 180 degrees from a few years ago.

All the more impressive is that this success has taken root even during hard economic times.

Sometimes, change really can be the right move.



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