Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. TPG will have representation on the company’s board. Chobani founder and CEO Hamdi Ulukaya will serve as its chairman. Chobani was founded in 2005 & has grown quickly in recent years on the surge of popularity in Greek yogurt, but they have been facing more competition & faced a recall last year. TPG invested successfully with other companies including J. Crew and Neiman Marcus.
State Troopers arrested 41-year-old James Kennerup of Kirkwood, for Bail Jumping & on a Warrant for Criminal Possession of a Controlled Substance. Troopers found Kennerup hiding under a bed at a residence on Frost Road in Windsor, he was arrested, arraigned & was remanded to the Broome County Jail on $2,500 cash bail or $10,000 bond.
The Local Government Efficiency Meeting Coordinated by the Greater Oneonta Economic Development Council, Citizens Voices & the Bank of Cooperstown will be held in Oneonta soon. The meeting will take place at the Foothills Performing Arts and Civic Center in Oneonta on May 6th 1 from 1:00 to 4:00 PM. Representatives from the Department of State on Local Government Efficiency, land use specialists & economic development experts will attend.