"The company that bears my name went to someone else with a higher bid,"
"While they may have deeper pockets, I may have deeper connections with the community. At the end of the day, I'd rather take that to my grave than a pile of money."
Miyoko Schinner attempted to buy back Miyoko's Creamery but was outbid after a court-supervised asset sale managed by Resolution Financial Advisors. The sale process was initiated to sell assets and pay debts, and multiple bids were collected. Schinner founded Miyoko's Creamery in 2014 and grew it into a national plant-based cheese and butter brand. She was removed as CEO in 2022 amid conflicts over growth strategy and values, while the company retained her name under new leadership. Schinner launched a GoFundMe that raised more than $103,000 but cited limited time and fundraising constraints for her unsuccessful bid.
Read at The Mercury News
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