This Founder Started Selling Muffin Mix From Her NYC Apartment. Her Company Just Sold for $850 Million.

Elizabeth Stein's sale of Purely Elizabeth to Ferrero for $850 million is a remarkable achievement, especially considering the company started from her NYC apartment. What's impressive here is Stein's perseverance and ability to scale her business from a small operation to a large player in the food industry. This deal not only showcases Stein's entrepreneurial skills but also highlights the growing demand for healthy and organic food products.

Stein's decision to stay on as CEO after the acquisition is unusual, as most founders exit their companies after a sale. This move suggests that Stein has a strong vision for the company's future and is confident in her ability to continue growing the business under Ferrero's ownership. For talent looking to make a similar impact, Stein's story serves as a reminder that it's possible to build a successful business from scratch and create a lasting legacy.

As the food industry continues to evolve, it's worth watching how Purely Elizabeth fits into Ferrero's portfolio and how Stein navigates this new chapter. With Ferrero's resources and expertise, Purely Elizabeth could expand its reach and product offerings, potentially disrupting the traditional food industry. Talent looking to make a move in the food or CPG space should keep an eye on Stein's next steps and consider how they can apply similar strategies to their own careers or businesses.

Originally reported by entrepreneur.com. TalentNews adds analysis for business & startups readers.