With revenues of over $4 billion,[3] it functions as a holding company for Stewart and Lynda Resnick and as such is a vehicle for their personal investments in a number of businesses.
The Resnicks first bought Teleflora and API Alarm Systems in 1979, at which time Lynda left her advertising job to become Teleflora's executive vice president of marketing, and eventually president, securing flagship TV sponsorship roles which grew the company into the nation's largest floral wire service.
[4] In 1986, they purchased The Franklin Mint, known for making model cars, souvenir plates, figurines, and Civil War-inspired chess sets.
Stewart Resnick served as CEO and Chairman of the Franklin Mint Company until its sale to a private equity group in 2006.
[8] Through what some sources have called backroom negotiations, in 1994 the water bank was transferred under what's known as Monterey Plus Amendments[9] from the public to the private ownership of the Resnick's.
[10] News outlets, academic papers, and advocacy groups have criticized The Wonderful Company for its possession of what was originally meant to be a public asset, and the monetary benefit they have gained through it.
It is also claimed that the company lobbies to privatize the state's water and funds opposition research on the impact of farming on the drought.
[2] In 2015, the US Federal Trade Commission concluded that marketing claims of Pom Wonderful pomegranate juice providing anti-disease benefits were deceptive and misleading.
[26] In 2019, the Resnicks launched a female-focused luxury wine brand, JNSQ (named for the French phrase "je ne sais quoi").
[31][32] In January, the Wonderful Company pledged a $10 million donation to support relief efforts for the Los Angeles fires.