Wallace “Wally” Amos, the founder of Famous Amos cookies, has died, age 88

[furlough]

R.I.P.

 

[World B Free]

 

[World B Free]

Rest in Power.......I had his original cookies once as a kid, my mother had brought them back from California in the late 70s....

 

[Z MONSTER]

Never knew a brother started this company. R.I.P. my brother.

 

[RoomService]

R.I.P.

Fucked up how Shark Tank didn't want to invest in his new venture.

You can understand why.

 

[HUNTSVEGAZ]

What did he do with the money he made the yrs when he was doing $12M in sales?

Exactly.. And the $61 mill he got later

 

[RoomService]

Cacs will always find a way to strip away a black man's fortune if they see you got somethin good going.....

RIP.....

"What You Owe Me" - Bebe Moore Campbell

a great book that deals damn near exactly what happened to Wally.........a long book to read but its worth it.

Found a preview of the book on YouTube definitely will be ordering this.

 

[Retarded_1]

R.I.P.
LOVED...
The original huge Famous Amos Cookie as a kid

 

[shaddyvillethug]

Wowwww

Rip @dik cashmere

Smh

 

[playahaitian]

​

 

[playahaitian]

Famous Amos: The Rise and Fall of a Cookie Empire | HISTORY

Wally Amos parlayed his aunt's chocolate chip cookie recipe into a gourmet snack food juggernaut.

www.history.com

They did him dirty

^^^^

THIS

 

[playahaitian]

RIP

Saw his episode on Shark Tank, story is messed up what they did to his brand when they bought him out.

Was a staple in bodegas as a kid in NY

Yup

 

[johniz]

RIP to a real legend who brought joy to many people

 

[Diomedes3000]

RIP to our Elder Wally Amos, may the Ancestors welcome you with open arms.

 

[Amajorfucup]

Fuck all devils. God is real.

RIP elder brother.

 

[playahaitian]

​

 

[playahaitian]

Famous Amos: The Rise and Fall of a Cookie Empire | HISTORY

Wally Amos parlayed his aunt's chocolate chip cookie recipe into a gourmet snack food juggernaut.

www.history.com

They did him dirty

Reading about this again

Every time my blood boils

But inspires me to ensure the next generation of black children are financially literate

 

[RoomService]

Exactly.. And the $61 mill he got later

He never got 61 million...

Amos struggled to keep up with the brand’s rapid growth. By 1985, Famous Amos reported a $300,000 loss on sales of $10 million. “He wasn’t a businessman. He was an amazing marketer and had great promotional instincts. But he made a lot of bad decisions,” his son says.

Amos continued to raise money while diluting his own equity. At one point, he lost his home. In 1985, Amos sold a majority stake to Bass Brothers Enterprises for $1.1 million. “He sold it to save it,” Shawn says. “He’s always been impulsive. A lot of entrepreneurs are. That same spark that can drive you to take a chance prevents you from listening to others. You think you’re infallible.”

Two sales later, the new owners added shelf-stable ingredients and repositioned the cookies as an affordable brand, prompting its famous founder to depart. In 1992, President Baking Company bought Famous Amos for $61 million—more than 55 times what Wally Amos sold his controlling stake for just a few years earlier.

 

[tebriel69]

Never knew this cookie was made my a brotha…crazy. Those little tan packages were delicious. Dude knew Marvin Gaye and Ali?? We some incredible folk

 

[ronmch20]

You couldn't pay me to eat the cookies that bore his name when I learned how he was fucked out of his company by evil, vicious, white boys.

 

[WorldEX]

RIP, thanks for best baked cookies.

 

[Rythm]

One of my uncles best friends, RIP Sir

 

[JustChillin]

RIP

 

[tallblacknyc]

R.i.p to a legend.. definitely ate them joints back in the day.. my moms love the pecan joints.. as somebody said they definitely was at various ny cornerstores back in the day

 

[shaddyvillethug]

I didn’t even know it was different flavors

 

[donwuan]

RIP to the legend.

 

[blackman80]

RIP.....Those are some good cookies!!..He will be missed!!

 

[West Endian]

RIP Mr.Amos.

 

[jerrynuevo]

What did he do with the money he made the yrs when he was doing $12M in sales?

He had such a big heart and small brain for business.

 

[yardy]

RIP

 

[RoomService]

He had such a big heart and small brain for business.

Damn fam…

 

[Nochturnal]

R.I.P

 

[The Plutonian]

Famous Amos: The Rise and Fall of a Cookie Empire | HISTORY

Wally Amos parlayed his aunt's chocolate chip cookie recipe into a gourmet snack food juggernaut.

www.history.com

They did him dirty

Beat me to it. White people steal everything.

 

[Van Allen]

True OG. Used to have original store on Sunset in Hollywood. Was ONE OF THE FIRST ...Black Hollywood Talent Agents. Groundbreaker. Life had meaning. Mr. Amos, you have lived a meaningful and significant life! Carry on Soldier. RIP

.......Shark Tank did him dirty, Age Discrimination for sure. Rat Bastards

 

[CPT Callamity]

I remember eating those cookies as a kid. Tragic the story behind all of it but RIP to this man.