Former marketing executives Bill Phelps and Rick Wetzel founded Wetzel’s Pretzels in 1994. The private company began franchising in 1996 and now has units across the United States and internationally. It is based in Pasadena, California, and has co-branding relationships with Cold Stone Creamery, Juice It Up, Swensen’s and others.

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Anne Beiler had been baking most of her life, but it wasn’t until she began managing a concession stand at a farmer’s market in Maryland that she thought about starting a business. The stand served pizzas, pretzels, chips and candy, with the pretzels outselling everything else. Beiler stopped selling pizza and began hand-rolling pretzels in [...]