All posts tagged: Nathans

Navalny’s Unfinished Work | Benjamin Nathans

Navalny’s Unfinished Work | Benjamin Nathans

No matter what form it has taken—land of the tsars, nucleus of the Union of Soviet Socialist Republics, or today’s All-Russian Federation—the place known as Russia has displayed an enduring capacity to spawn dissidents and an equally striking inability to tolerate them. This is not unusual for authoritarian systems, but in Russia’s case what stands out is the persistence of the phenomenon across centuries and widely varying types of rule, as if “loyal opposition” were a foreign substance rejected by generation after generation of the host organism. “We are a nation of optimists,” Zhores Alferov, a 2000 Nobel laureate in physics, once joked, “because the pessimists have all left.” Since the full-scale invasion of Ukraine on February 24, 2022, nearly a million people, mostly young and well educated, have fled Vladimir Putin’s Russia. Some (men) sought to avoid the military draft, others (men and women) feared arrest for criticizing the war—or for simply calling it a war, as opposed to the farcical official designation of “special military operation.” According to the Russian human rights organization …

Iconic Coney Island Hot Dog Hawker Nathan’s Famous Is Sold for 0 Million

Iconic Coney Island Hot Dog Hawker Nathan’s Famous Is Sold for $450 Million

Nathan’s Famous, which opened as a 5-cent hot dog stand in Coney Island more than a century ago, has been sold to packaged meat giant Smithfield Foods in an all-cash $450 million deal, the companies announced Wednesday. Smithfield, which has held rights to produce and sell Nathan’s products in the U.S. and Canada and at Sam’s Clubs in Mexico since 2014, will acquire all of Nathan’s outstanding shares for $102 each. Like almost every food company, Nathan’s has been under significant inflationary pressure. Nathan’s sales costs of branded products rose 27% compared with last year in its most recent quarter, the company said in a filing with the U.S. Securities and Exchange Commission. There was a 20% increase in the average cost per pound of hot dogs, it said. Nathan Handwerker opened the first Nathan’s hot dog stand on Coney Island in 1916 with a $300 loan, according to the company. After opening a handful of other locations around New York over the years, the Handwerker family sold the Nathan’s Famous business to investors in …