Selling Stock in Spanish Food
Divided control has led to disputes over the company’s future…
Selling Stock in Spanish Food
Spanish food giant, Goya, has hired investment bank Goldman Sachs to discuss the possible sale of the 83-year-old company. The company has roughly $250 million in earnings before interest, taxes, depreciation and amortization and could fetch roughly $3 billion in a sale, some of the people said.
Founded by Prudencio Unanue and Carolina Casal, both Spanish immigrants, in 1936, Goya has long stayed a family company, but the heirs have increased over the years, and divided control has led to disputes over the company’s future.
A sale could address the fragmentation of its ownership. Depending on valuation, some descendants may retain their stake, or the family could decide against a sale all together. Additionally, Goldman Sachs has allegedly reached out to potential corporate acquirers and the company has set a bidding deadline of early June for initial bids.
Sales of ethnic food in the U.S. have been rising as the millennial generation has been more willing to experiment with new cuisines as they increasingly focus on clean eating. Between 2013 and 2017, ethnic-flavored products like sauces, seasoning and exotically flavored chips grew by 20%, according to Food Navigator, citing Innova.
We hope you’ve enjoyed learning about how the owners of Goya are contemplating Selling Stock in Spanish Food! What do you believe would be the ideal move for the canned food giant? Join the conversation below!
3 Must Try Spanish Tapas
October 12 is Spanish National Day, and what better way to celebrate a culture than through its food?
3 Must Try Spanish Tapas
October 12th is Spanish National Day, and what better way is there to celebrate a culture than through its food? At the Una Fiesta, authentic dishes can be experienced by those who may not have the opportunity to explore the vast catalogue of Spanish cuisine in its home country. There you will find fish of the Mediterranean and the Bay of Biscay, meat from the Pyrenees and fresh vegetables from around the county. Spain’s cuisine is so varied by region that with just a little garlic, tomato, parsley, basil and onion, the culinary identity is recognizable regardless of the setting it is placed.
Below are 3 must try signature dishes from this year’s festival:
Photo: TastingTable.com
Asparagus with Romesco:
A perfect starter for anyone new to Spanish cuisine, this simple, delicious grilled asparagus is paired with romesco (a Catalan tomato and mixed with nuts-based sauce) and drizzled with Spanish olive oil, with some basil and diced tomatoes
Patatas Bravas:
These melt-in-the-mouth special confit potatoes are a classic Spanish tapa that feature fried chopped potatoes topped with a spicy aioli. If you’re a fan of American style French Fries, you will not only love these, you may never go back.
Ajo Blanco:
This dish is a classic in every Spanish home. The dish consists of a chilled almond and white garlic soup. The soup is drizzled gently over the tuna and melon and topped with asparagus and basil leaves to truly capture the traditional Spanish flavor.
We hope you’ve enjoyed 3 must try Traditional Spanish Dishes! Planning a trip to experience this amazing cuisine in its home? Our culturally immersive group classes and native teachers will have you ordering with ease in no time! Click here to learn more.
A Primer on Catalan Cuisine
One thing has consistently been agreed upon when it comes to one aspect of the Catalan people: gastrononmy.
A Primer on Catalan Cuisine
Catalonia has been featured in the news quite often recently due to political, educational, environmental, and cultural affairs and is now one of the most economically dynamic communities of Spain. Since 2010, there has been growing support for Catalan independence. However, one thing has consistently been agreed upon when it comes to one aspect of the Catalan people is gastronomy.
Catalonia sits in the northeast corner of Spain with more than 350 miles of Mediterranean coastline stretching away from the eastern seaport of Barcelona with an enormous array of seafood from cod, salmon and monkfish to octopus, squid, anchovies, oysters and clams.
The northern border is dominated by the Pyrenees Mountains which separate Catalonia from the rest of Europe where one can find more wild mushrooms, truffles, herbs, and cheeses than anywhere else in Spain. Catalonia’s southern border is home to miles of fields that produce rice such as bomba and Bahía.
Since the Middle Ages, Barcelona has been a major port along the trade routes, connecting ports as far away as Alexandria in Egypt and Amsterdam in the Netherlands where trading relationships helped to carry ingredients such as hazelnuts, sugar, pasta, cinnamon, and saffron into Catalan homes and restaurants. The region’s longtime occupation by Muslims also made spices like caraway and cumin part of the vast culinary arsenal now known across Catalonia.
Catalans eat an abundance of fish along with plenty of plant foods like vegetables, fruits, whole grains, beans, nuts, and the very best extra-virgin olive oil made specifically from Arbequina olives. Studies have found time and time again that the Mediterranean Diet is comprised of leisurely meals including Vermouth hour (l’hora del vermut). This tradition of gathering with family and friends for vermouth and tapas before lunch, which is the main meal of the day, has recently been brought back to life in Barcelona. The Catalan diet limits red meat and deep-frying, drinking of wine in moderation and an emphesis on plenty of exercise.
We hope you’ve enjoyed A Primer on Catalan Cuisine! Wishing to experience the beauty of the Mediterranean cuisine in its home of Catalonia? Our culturally immersive group classes and native teachers can help put you on the path to fluency faster than you may have every thought possible! Click below to learn more.
Tossing Tomatoes In Bunol
Have you ever had the inclination to revive the fabled school lunch room food fight in your adult years? Well, if you happen to make your way to Spain in the late summer, your dreams just might come true…
Tossing Tomatoes In Bunol
Have you ever had the inclination to revive the fabled school lunch room food fight in your adult years? Well, if you happen to make your way to Spain in the late summer, your dreams just might come true.
This past Wednesday, 20,000 Spaniards could be found tossing tomatoes at one another for Spain's Tomatina festival which was made possible by nearly 30,000 pounds of tomatoes. The World’s Biggest Food Fight” began at 11 a.m. local time with just over an hour of constant pelting.
While the splattering unfolds each year on the last Wednesday of August in Bunol, its origins remain unclear. The tradition dates back to the 1940s with some speculating that it was started by angry townspeople who hurled tomatoes at city councilmen, while others believe it was started by a food fight between friends.
The now major tourist attraction has only become more popular (except for the 30 years under Francisco Franco, the Spanish dictator who banned it for lacking a religious connotation).
We hope you've enjoyed Tossing Tomatoes In Bunol! Looking to join in on the fun next year? Our culturally immersive group classes and native instructors are sure to help you make the most of your tomato soaked vacation! Click below to learn more!