OSI Group was the first family meat market established in a German-immigrant community in Chicago, Illinois. Starting in 1909, they went through many changes to become one of the largest food providers in the world. The founder, Kolschowsky began as a small meat market and butcher shop, built it to a family wholesale business – rebranded as Otto & Sons – in 1928, and then finally met their fated business alliance that would expand everything. The OSI Group McDonalds dynamic duo was the magical combo that helped this small meat shop grow into 20,000 employees at 65 facilities in 17 countries.
The OSI Group McDonalds duo was made possible even before Ray Kroc opened his first McDonald’s restaurant in Des Plaines, Illinois in 1955. Prior to opening, Kroc had partnered with the sons of Otto Kolschowsky, Arthur and Harry, to establish its first fresh ground beef supplier for the planned franchising dream. This relationship proved the test of time and helped each other bring the duo into franchising history. View OSI Group McDonalds profile at Linkedin
Over two decades, the OSI Group McDonalds duo transformed from a regional supplier to a global corporation. The more customers the duo managed to reach, the more pressure there was to find new technology and more facilities it would take to keep up the supply demand. In the late 1960s came the discovery of flash freezing which improved product expansion and a reduction in cost. This historic bond maintained over time; OSI Group is now one of four core food supplies for the McDonalds franchise. With the new advancements and the OSI Group McDonalds bond, Otto & Sons evolved into OSI Industries in 1975. With the further expansion to the international sectors, the sons of Otto & Sons began to retire and pass the torch to Sheldon Lavin in 1975. Lavin was no stranger; he served as their investment consultant and aided in their capitalization efforts since 1970. He later becomes chairman and CEO in the early 1980s, bringing much investing and executive banking experience with him.
Growth after that point seemed like second nature for them. After expanding to Utah, Germany, and Spain, OSI Group became a multinational corporation. Now OSI Industries is one of the world’s most vital food providers built on expansions in Brazil, Austria, Mexico, Poland, Hungary, and the Pacific Rim. Both sides seemed to have benefited from the OSI Group McDonalds partnership and will forever go down in franchising history.
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Randal Nardone is one of the few professionals who has cemented his name and character in the finance industry. He is commonly identified as the Chief Executive Officer at Fortress Investment Group and also sits as a co-founder of the company since it started in 1998. He borrows the remarkable skills that got him to his current position from gaining educational experience from the University of Connecticut where he graduated with a Bachelor’s in Arts and a Juris Doctor from Boston University’s School of Law.
Randal Nardone gained his working experience from working at a law firm, Thacher Proffitt & Wood where he rose to become a partner and a member of the executive committee. He then veered into the finance industry where he joined BlackRock Financial Management. Randal maintained the position as a principal up to 1997 left to join USB. At USB he held the managing director position. A year later, Nardone met his other co-founders Wesley Edens and Rob Kauffman, and together they founded Fortress Investment Group LLC in 1998. He has stood as Fortress Investment Group’s CEO since 2013.
Fortress Investment Group has experienced vast growth under the current leadership with Randal Nardone holding the Private Equity division in the company. Apart from being deeply involved with the Fortress Investment Group, Nardone worked for other affiliated firms including Fortress Credit Corporation where he sat as the principal and co-founder, Newcastle Investment Holdings, Springleaf Financial Holdings, and Fortress Investment Trust among others. He held significant executive positions during his times in the above-cited firms. It goes to show his skills, experience and dedication go along way into making Fortress Investment Group and the other affiliated companies the huge companies they are currently.
With the acquisition of Fortress Investment Group by Softbank Group, Randal Nardone retained his leadership roles. He is currently ranked at 557th in Forbes Billionaire list with a net worth of $1.8 Billion. A large part of his wealth is connected to his stake in Fortress Investment Group. Even with the acquisition, his influence, leadership, and skills will remain a significant component of Group.
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With their strong hold on the business of stock-based loans, it was only fair that Equities First Holdings expanded their reach beyond their Indianapolis headquarters. Branching out to successful markets in countries such as the UK and Hong Kong, their exponential growth has seen them bloom into a billion-dollar business, assuring clients receive the best in stock-based loans and investments as well as lowered interest rates on those loans. Depended on by companies, governments and customers, EFH has built plenty of rapport since their inception in 2002 and continue to be a trusted name in stock-based/credit-based loans many individuals turn to.
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