The Chipwich is an ice cream sandwich made of ice cream between two chocolate chip cookies and rolled in chocolate chips. The Chipwich name and logo is trademarked by Crave Better Foods, LLC.
The original, created by Americans Richard LaMotta and Sam Metzger (1942-2010) in New York City in 1978, was made up of vanilla ice cream sandwiched by two chocolate chip cookies, with the sides rolled in chocolate chips, which stick to the ice cream.
Video Chipwich
History
While ice cream sandwiches have been sold in New York City since the 1890s, New York lawyer Richard LaMotta created the Chipwich in 1978. He introduced it to the city with a guerrilla marketing campaign, training sixty (mostly students) street cart vendors to sell the new product on the streets of New York, for a dollar each; this rapidly established Chipwich as a successful brand. Some twenty-five thousand Chipwiches were sold the first day, and within two weeks the company was selling 40,000 a day.
The small, independent company struggled to find capital to expand. In 1984, burdened with heavy debt, Chipwich sought Chapter 11 bankruptcy protection. By 1987, co-founders Metzger and LaMotta had reorganised the company and obtained a $1 million investment from Swedish holding company Hexagon AB, which guaranteed loans and licensed its products. In 1992, the company was back in Chapter 11 bankruptcy after incurring a $1.4 million loss on sales of $4.8 million; an accounting scandal involving inventory overstatements at Peltz Food, a subsidiary headed by Robert Peltz, were at the root of much of the problem.
CoolBrands International bought Chipwich in 2002, becoming North America's third-largest ice cream vendor. Due to a series of financial difficulties, which began with the loss of its Weight Watchers/Smart Ones frozen food licence in 2004, CoolBrands sold Chipwich, Eskimo Pie and Real Fruit to the Dreyer's division of Nestlé in 2007. This was part of a larger divestiture of core assets which left the company as little more than a publicly listed empty shell.
By 2010, Nestlé had stopped production of the original Chipwich, possibly because it competed with its own Toll House chocolate chip cookie ice cream sandwich.
The trademark was acquired in 2017 by Crave Better Foods, LLC. The product was relaunched in 2018 in the U.S.
Maps Chipwich
See also
- Sandwich cookie
References
External links
- Chipwich Official Website
Source of article : Wikipedia
0 Comments