Some of the former American companies owned, in whole or majority, by Chinese include AMC Theaters, Dirt Devil & Hoover, Fidelity Guarantee & Life, General Electric (appliance division), Forbes, General Motors, IBM (PC division), Ironman Competition, Motorola, Spotify, Strategic Hotels & Resorts, and The Waldorf Astoria Hotel.
Many well known all-American businesses aren’t so American anymore, including:
Vaseline
This petroleum jelly has so many uses, from curbing your cracked lips to greasing the hinges on your doors. And while many people have been proud to call this company all-American, but times have changed over the years.
Founded by American Robert Augustus Chesebrough in 1859, the company is no longer in American hands at all. Instead, it belongs to the British.
The company was bought by British multinational consumer goods company Unilever for a whopping $3.1 billion. Because of this, the headquarters for Vaseline is now in London, England.
The Cleveland Cavaliers
When it comes to American basketball teams, the Cleveland Cavaliers are one of the most well-known teams in the U.S.
This team has seen players like LeBron James, Mark Price, and Brad Daugherty. Although the team is now owned by all-American people – including the famous singer Usher – this wasn’t always the case.
In 2009, the Chinese investor Jianhua Huang bought a 15% stake in the team. Apparently, LeBron James had become hugely famous in China, and Jianhua wanted a piece of the LeBron James pie.
Trader Joe’s
Americans have enjoyed shopping at Trader Joe’s stores since its inception in 1967.
Joe Coulumbe’s first store was in Monrovia, California and it paved the way for the subsequent stores across the country. However, the company ceased being American in 1979.
Although Trader Joe’s can be found across America, it’s now owned by the Aldi Nord group – a German multinational family-owned company, which has the Albrecht family at the helm.
Gerber
Gerber was founded by Daniel Frank Gerber in 1927 when he saw how his wife prepared baby food for their daughter. At the time, he owned a company that sold canned fruit and vegetables – but he saw an opportunity in the baby food market. After that, Gerber’s baby food took off and became an American institution.
The company has been sold a few times over the years, but Gerber is now owned by Nestle. They were so eager to get into the baby food business that they bought the company for $5.5 billion back in 2007.
Tiffany & Co.
Tiffany & Co. has a strong American history since the company was formed in 1837 when Charles Lewis Tiffany and J.B. Young decided to open a “stationery and fancy goods” store in New York. But when Young left the business in 1853, Tiffany decided to pivot and focus primarily on jewelry. Since then, it’s become a classic American fine (and expensive) jewelry store.
Although the company stayed in American hands for almost 200 years, French-owned LVMH Moët Hennessy Louis Vuitton decided to buy the company in 2020. It was originally agreed that they would pay $16.2 billion, but when the deal eventually closed a year later, it was sold for $15.8 billion.
Holiday Inn
Holiday Inn has been around since 1952, when there was just a single Holiday Inn motel situation in between Nashville and Memphis.
This “all-American” company has stores located across the country and there is little doubt they have succeeded in its expansion.
The next year, the company expanded to build even more locations, and now it’s considered an all-American institution. But it’s not American any longer.
Although Holiday Inn was previously owned by founder Kemmons Wilson and his business partner Wallace E. Johnson, the Holiday Inn company was bought by the Intercontinental Hotels Group in the 1980s. Now they are English.
7-Eleven
Today, they are in 19 countries across the globe – and it’s come a long way since its founder Jefferson Green started selling ice in 1927.
Although 7-Eleven started off with its headquarters in Dallas, Texas, the company was bought out in 1987. Now, it’s actually a Japanese company and is owned by Seven & I Holdings.
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Wow. All those you listed that are now in Chinese hands. ugh.
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That’s what happens when, at a citizen level, people think only of quick individual profit, and not “America first.” It’s not only the government that needs a reset. It’s the hearts of people, to leave behind “me first.” Because everything we do affects someone else. We are the building blocks of our country.
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As we grow in age, hopefully that wisdom will expand.
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Some of the above you mentioned used to be quality bar none. Vaseline for instance. You can tell the ingredients have changed resulting in poor quality for many years.
The nearest Trader Joe’s is about 2 hours from me. The closets Aldi’s is about 35 minutes small store not as large as other Aldi’s I’ve seen. Never new this Trader and Aldi one company. Hmm I’ll have to visit Aldi’s once in awhile instead passing them by, next trip date to the states
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