frontpagephoinix | Staff posted Yesterday 11:18 AM
Item 1 of 2
Item 1 of 2
frontpagephoinix | Staff posted Yesterday 11:18 AM
8-Oz Huy Fong Chili Garlic Sauce
$2.00
$2.49
19% offAmazon
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And then the old huy fong founder's kids grew up. Probably based on shit they learned watching The Apprentice, they decided they could make even more money by screwing the old pepper farmer over. They knew he was used to that handshake contract being good as gold, and would take on loans to start planting based on the promise that 100% of his crop would be bought by Huy Fong, as per their contract.
So they made the handshake contract. He borrowed tons as he always did (farming has lots of up front costs), and then at the last minute they started their own pepper growing company and told the old farmer he had a choice: sell to the Huy Fong kids, or go belly up.
The old farmer surprised them. Not only did he refuse to sell, but he sued them for breach of contract. And he won. Tens of millions of dollars, because a handshake contract is still a contract. Guess the Huy Fong kids didn't learn that on The Apprentice.
Also, this is the reason there was a "sriracha shortage" a few years back. Huy Fong gambled that it could get the old farmer's specialty pepper growing operation, and when he refused to be screwed over, they had no pepper supply.
https://lawreview.law.m
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Our community has rated this post as helpful. If you agree, why not thank lobo411
And then the old huy fong founder's kids grew up. Probably based on shit they learned watching The Apprentice, they decided they could make even more money by screwing the old pepper farmer over. They knew he was used to that handshake contract being good as gold, and would take on loans to start planting based on the promise that 100% of his crop would be bought by Huy Fong, as per their contract.
So they made the handshake contract. He borrowed tons as he always did (farming has lots of up front costs), and then at the last minute they started their own pepper growing company and told the old farmer he had a choice: sell to the Huy Fong kids, or go belly up.
The old farmer surprised them. Not only did he refuse to sell, but he sued them for breach of contract. And he won. Tens of millions of dollars, because a handshake contract is still a contract. Guess the Huy Fong kids didn't learn that on The Apprentice.
Also, this is the reason there was a "sriracha shortage" a few years back. Huy Fong gambled that it could get the old farmer's specialty pepper growing operation, and when he refused to be screwed over, they had no pepper supply.
https://lawreview.law.m
Or call it, how to repeatedly shoot yourself in the foot and ruin a good thing, because you probably got a mistress.
Our community has rated this post as helpful. If you agree, why not thank Frankfarter
And then the old huy fong founder's kids grew up. Probably based on shit they learned watching The Apprentice, they decided they could make even more money by screwing the old pepper farmer over. They knew he was used to that handshake contract being good as gold, and would take on loans to start planting based on the promise that 100% of his crop would be bought by Huy Fong, as per their contract.
So they made the handshake contract. He borrowed tons as he always did (farming has lots of up front costs), and then at the last minute they started their own pepper growing company and told the old farmer he had a choice: sell to the Huy Fong kids, or go belly up.
The old farmer surprised them. Not only did he refuse to sell, but he sued them for breach of contract. And he won. Tens of millions of dollars, because a handshake contract is still a contract. Guess the Huy Fong kids didn't learn that on The Apprentice.
Also, this is the reason there was a "sriracha shortage" a few years back. Huy Fong gambled that it could get the old farmer's specialty pepper growing operation, and when he refused to be screwed over, they had no pepper supply.
https://lawreview.law.m
The original pepper farmers (Underwood Ranches) started making their own Sriracha using the peppers Hoy Fong lost access to. It's a black label with a gold dragon on it just labeled Sriracha.
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