M&M’s, Snickers, Milky Way, Double Mint, Ben’s Rice, Pedigree, Whiskas, VCA, Banfield… all the brands you know, owned by the company you know nothing about: Mars, Incorporated. And Mars itself is 100% owned and deeply intertwined with the Mars family, who are currently the second wealthiest (and perhaps first most secretive!) family in the United States. Tune in for one of the 20th century’s most incredible entrepreneurial stories across candy and pet care, and one that’s all the more incredible because it’s so little-known!Sponsors:Many thanks to our fantastic Fall ‘24 Season partners:J.P. Morgan PaymentsCrusoeStatsigLinks:Hershey’s M&M response: Hershey-etsOur past episodes on Berkshire Hathaway, LVMH, and Novo NordiskWorldly Partners Multi-Decade Mars StudyEpisode sourcesCarve Outs:Dandelion Chocolate and the Dandelion Advent CalendarTesla Model Y + repair serviceSiloHome AloneMore Acquired:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Check out the latest swag in the ACQ Merch Store!Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.
Full Episode
Okay, David, how many current varieties of M&Ms can you name?
Oh, wow. Okay, well, plain, peanut, peanut butter.
Actually, plain is technically now called milk chocolate.
Oh, interesting. There's dark, right?
Yep, which I've got right here.
They had mint for a while. Did they discontinue mint?
Mint is a holiday-only theme. So that's a seasonal one.
Oh, what else? I mean, at the end of the day, it's kind of only plain and peanut that matter, right?
I think in sales numbers. Are there pretzel ones? There are pretzel ones. There are also almond.
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