CoVest News

  • The History Behind Christmas Traditions

    Year after year we decorate our houses with garland and wreaths; we sing songs that speak of yule logs and figgy pudding, but do we truly know the reasons behind these traditions? As always, CoVest is happy to bring you the facts and spread a little Christmas cheer.  
    Candy canes are one of the most often seen symbols of the holidays with nearly 2 billion candy canes being sold in the four weeks leading up to Christmas and Hanukkah. We use them to adorn our trees, to decorate deserts and even place them in our drinks. While the candy cane is the most recognizable holiday symbol, it has an elusive history. There are many legends and lore of how the striped cane came to fame, but few have yet to be proven historically accurate. The candy cane dates back 350 years with the original being made of a hard white sugar stick with no curve. When the practice of using Christmas trees to celebrate became popular in Europe, the candy cane began its popularity as a decoration. The common decorations of the time were food and candy, thus the candy cane fit in perfectly. Between the Europeans use of the candy cane in the 17th century and the Americans adaptation in the 19th century, there was little to be known of the hard candy - especially the creation of the hooked shape and the inclusion of the red and white stripes.The most common tale of how the crook came to be is that a choirmaster of the Cologne Cathedral persuaded a craftsman to bend the end of the sticks to represent a Sheppard's crook. He then passed the candy out to restless youngsters who were attending the living creche. The inclusion of the red stripes are even harder to place on a single person, however the creation date has been narrowed down. Christmas cards prior to the year 1900 showed only all-white candy canes, while Christmas cards after 1900 showed illustrations of striped candy canes.It isn't till the 1920s, when a candymaker named Bob McCormack found the confections were difficult to mass-produce, that his company invented a machine (the Keller Machine) to speed up the process. Innovations as break-proof packaging and moisture-proof candy wrappers helped Bob's Candies become the world's leading candy cane producer before they sold the company in 2005.While Candy canes adorn the Christmas tree, the Christmas stocking found its home above the fireplace, but why? The tale most widely referenced when speaking of the Christmas stocking is that of a widowed man and his three daughters. Though the daughters were blessed with beauty, the father feared that their impoverished state would keep his daughters from being wed. St. Nicholas heard of the father's plight and placed three gold bags into the daughters drying stocking which hung above the fireplace. From this tale a tradition was made.Whether you're hanging stockings above your chimney, lighting your menorah or cooking for Karamu, we at CoVest wish you a Happy holiday!Images provided by Flickr users: r.nialbradshaw and DavidTelford

  • Indirect Spend Managing Options

    Indirect spend has found itself on the back burner of many industries savings opportunities. However, there is plenty of savings to be had if you know how to manage it. 

  • Total Cost of Ownership and Group Purchasing Organizations

    What is Total Cost of Ownership (TCO) and how does it pertain to group purchasing organizations (GPO)? Savings don't have to end after your initial purchase. 

  • Partners in Contingent Labor - HCMWorks and CoVest Sourcing Network

    CoVest is pleased to announce that we have teamed up with HCMWorks in order to bring our members The Talent Exchange. 


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