Sponsored by Energy Trust

Golden Temple dispute over

| Print |  Email
Must Reads
Tuesday, November 06, 2012

The three-year dispute over control of a Eugene natural foods company was settled with business and religious leaders dropping claims against each other.

The feuding religious leaders and business leaders of the Sikh community founded by the late Yogi Bhajan agreed to drop their legal claims against each other. They will move on with an orderly give-and-take of payments and a transition to new leadership for the community’s for-profit companies, including East West Tea Company LLC. East West Tea Co., which packages tea under the Yogi Tea brand, is what’s left of Golden Temple of Oregon, which built such brands as Peace Cereal and Yogi Tea, and has long been a cornerstone of Eugene’s natural foods industry. Golden Temple sold its cereal division to Hearthside Food Solutions in May 2010 for $71 million.

Under the settlement agreement, former Eugene resident and prominent local businessman Kartar Singh Khalsa, will resign from the Unto Infinity management board that controlled the Sikh community’s for-profit companies and religious and educational charities. He has agreed to stay on as CEO of the tea company until Dec. 31, and he will relinquish his ownership interest in Golden Temple of Oregon, which he valued at $23.5 million in his Chapter 11 bankruptcy filings.

Read more at The Register-Guard.

{biztweet}golden temple{/biztweet}


More Articles

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Growing a mobility cluster

Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


The clean fuels opportunity

Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


See How They Run

January-Powerbook 2015
Friday, December 12, 2014

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Healthcare pullback

Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Fly Zone

November/December 2014
Wednesday, October 22, 2014

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Leading with the right brain

Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.

Oregon Business magazinetitle-sponsored-links-02