🐮Chobani: a Public Debt Restructuring?🐮
The proposed IPO is just another refinancing.
NY-based Chobani Inc. ($CHO) calls itself “an anti-traditional consumer packaged goods company” but, really…it sells yogurt. While it does appear to be making a valiant push into new product categories like oat milks, coffee creamers, coffee and probiotics, make no mistake: the overwhelming majority of its revenue comes from yogurt. …