Page 9 - Business Facts

Ikea consumes 1% of the world's wood!


If you needed a true measure of just how massive IKEA is, that headline should be all you need. They consume 1% of the world's entire commercial wood supply.

How much is that? Just about 17.8 MILLION cubic yards of lumber. Before you think that the world's forest are destroyed to make cheap furniture, you should know that IKEA is making a big effort to be sustainable.

About 25% of IKEA's wood has been certified by the Forest Stewardship Council and they're aiming to double it in the next 5 years. In addition to that, they participate in many foresting projects.

Learn more at the source!

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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!

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The largest privately held company in the US makes over $120 billion a year!


W.W. Cargill founded Cargill Inc. Back in 1865 as a small grain storage company. Today the agro-giant is the largest private company in the world, with nearly $120 billion in revenue and 130,000 employees in 63 countries.

The secretive Cargill family still owns 88% of the company, but the wealth has passed down through three and four generations now. Part went to W.W.’s son Austen, whose two children both died in 2006.

Margaret, Austen’s daughter, gave her one-sixth share of the company to charity. James, Austen’s son, passed his wealth on to his three children: James Cargill, Austen Cargill, and Marianne Liebmann each own one-eighteenth of the family share and thus are ongoing members of The Forbes 400.

This family in fact won’t have to worry about the future because of their huge fortune which will help the Cargill family to stay rich forever and ever.

(Source)

Some awesome lists!

A few Denny's restaurants were built without locks so they couldn't close for Christmas!


Denny's has been the punchline of a joke more than once in popular culture, but the success of the business is nothing to laugh at. The first Denny's opened up in 1953, on a small piece of property in Lakewood California. In just under 30 years, there were over 1,000 Denny's across the country!

Christmas time can be an awkward time of the year for someone who doesn't celebrate the holiday, or any other major holiday that takes place during the winter season. Almost all the stores, and only some restaurants are closed on Christmas, and Denny's became one of the restaurants to close on Christmas for the first time in 1988.

All but 6 Denny's restaurants closed down on Christmas. Why did those 6 stay open? Some of the Denny's were built without locks, and as a result, they couldn't close down on Christmas. If you think that's embarrassing, some Denny's owners couldn't close down because they lost the key to the front door!

<a data-cke-saved-href="http://en.m.wikipedia.org/wiki/Denny" href="http://en.m.wikipedia.org/wiki/Denny" s#section_1'="" target="_new">(Source)

Why does FedEx keep empty planes in the sky?


FedEx Express or Federal Express is the world’s largest airline in terms of freight tons flown and the world’s fourth largest in terms of fleet size. It is a subsidiary of FedEx Corporation, delivering packages and freight to more than 375 destinations in nearly every country each day.

The firm was named by Fortune magazine as one of the top 100 companies to work for in 2013, citing the company’s choice to downside with voluntary buyouts rather than involuntary layoffs. FedEx is the 21st largest campaign contributor in the United States. The company has donated over 21 million dollars since 1990.

FedEx has several planes, and it keeps several of them empty in the sky to be able to respond to a changing freight demand quickly. The company is serious about future investment and ways of transportation, substantial growth is eminent within the corporation future plans!

(Source)

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