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24-04-2017, 03:16 PM
A Dying Man's Lost Recipe Made His Daughter a Multimillionaire
by Min Jeong Lee , Hiroyuki Sekine , and Toshiro Hasegawa
April 23, 2017, 11:00 PM GMT+8 Updated on April 24, 2017, 9:11 AM GMT+8
When Hiroe Tanaka’s father died, he left behind something that would change her life: a recipe for fried meat on a stick. It was an act of love. His daughter adored the Japanese street food known as kushikatsu, and he’d spent endless hours working out how to make it just right.
The handwritten memo, which detailed how to cook the seemingly simple dish, helped save a restaurant business from bankruptcy in 2008, elevated Tanaka from part-time employee to vice president of a company named after her, and made her a multimillionaire. The university dropout who once worked as an office lady now sets strategy for the $82 million Kushikatsu Tanaka Co.
“I pay tribute to my father every day,” Tanaka, 46, says in an interview. “It all happened because of the recipe.”
Kushikatsu Tanaka started trading in September after a popular initial public offering priced at the top of its indicative range. The shares, which are listed in Japan’s Mothers market for smaller firms, gained more than 50 percent through the end of last week. They rose 0.3 percent in early trading on Monday.
More details in https://www.bloomberg.com/news/articles/...illionaire
by Min Jeong Lee , Hiroyuki Sekine , and Toshiro Hasegawa
April 23, 2017, 11:00 PM GMT+8 Updated on April 24, 2017, 9:11 AM GMT+8
When Hiroe Tanaka’s father died, he left behind something that would change her life: a recipe for fried meat on a stick. It was an act of love. His daughter adored the Japanese street food known as kushikatsu, and he’d spent endless hours working out how to make it just right.
The handwritten memo, which detailed how to cook the seemingly simple dish, helped save a restaurant business from bankruptcy in 2008, elevated Tanaka from part-time employee to vice president of a company named after her, and made her a multimillionaire. The university dropout who once worked as an office lady now sets strategy for the $82 million Kushikatsu Tanaka Co.
“I pay tribute to my father every day,” Tanaka, 46, says in an interview. “It all happened because of the recipe.”
Kushikatsu Tanaka started trading in September after a popular initial public offering priced at the top of its indicative range. The shares, which are listed in Japan’s Mothers market for smaller firms, gained more than 50 percent through the end of last week. They rose 0.3 percent in early trading on Monday.
More details in https://www.bloomberg.com/news/articles/...illionaire
Specuvestor: Asset - Business - Structure.