Prolonged economic recession, increasing competition and sector-specific challenges such as seasonality confront ice cream makers in Russia....
Last month, after some speculation earlier in the summer, Mondelez International confirmed it was buying the licence to manufacture, market...
Mondelez International, the owner of Cadbury, Milka and Toblerone, this week announced the end of its plans to gobble up another chocolate major, US-based group Hershey. Now the prospect of a US$23bn takeover is off the table, industry watchers are speculating about what could be on the horizon for both companies. Dean Best reports.
Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal.
Three weeks after Premier Foods revealed McCormick & Co.'s interest in buying the UK group, its US suitor has, after seeing three proposed offers turned down, decided to walk away from the table. Premier insists it has a "strong future" as an independent company. Dean Best reflects on a tumultuous 21 days and considers what lies ahead for the Mr Kipling maker.
Here just-food presents rolling coverage and analysis of the takeover interest in Premier Foods from McCormick & Co. Premier rebuffed three proposals from the US spices and seasonings group, while Japan's Nissin Foods Holdings, which outlined a "co-operation agreement" with the UK group in areas such as innovation and distribution, built a stake in the Mr Kipling maker. McCormick has decided against pursuing its interest in the UK group.
Mondelez International has laid out how it plans to "accelerate" efforts to reduce the group's impact on the environment, setting new sustainability goals for 2020. Ben Cooper spoke to Jonathan Horrell, the snacks giant's global director of sustainability, to discuss the targets.
Privately-owned US free-from snacks group Enjoy Life Foods has joined the likes of Cadbury and Oreo in the global giant's portfolio. Joel Warady, Enjoy Life's chief sales and marketing officer, has been at the business since it was set up in 2001. He speaks to Dean Best about why Enjoy Life was looking for a "partner", what Mondelez's ownership means for the business and the fledgling firm's growth ambitions.
Mondelez International is launching what it describes as a "premium" chocolate brand in India, Cadbury Fuse.
UK-based Burton's Biscuit Co. has said it is set to launch a "transformational growth plan" across its core brands, following the sale of its Cadbury biscuit licence to Mondelez International.
Mondelez International said today (12 August) it had agreed terms to buy the licence to manufacture, market and sell Cadbury-branded biscuits around the world from UK-based Burton's Biscuit Co.
Mondelez International has launched its Cadbury Dairy Milk Marvellous Creations chocolate line in India.
Premier Foods reported continued positive progression on its sales this morning (21 July), when it delivered its fourth consecutive quarter of revenue growth.
The owners of Burton's Biscuit Co. have declined to comment on reports that the firm has been approached by Cadbury owner Mondelez International in a move to buy back the license to produce biscuits under the Cadbury brand.
Hershey revealed today (30 June) its board has "unanimously rejected" a takeover approach from Mondelez International valuing the US chocolate company at US$107 per share.
Cadbury chocolate and Ritz crackers owner Mondelez International has conceded it has "much more work to do" on its targets for lowering saturated fat and sodium in its products after revealing the progress it is making on a range of moves to make products healthier and more sustainable.
Mondelez International is planning to "interact" with consumers in "real-time" on Facebook's Messenger app as part of the snacks giant's international marketing tie-up with the social network.
Mondelez International will look to "strengthen" its moves to tackle child labour in its cocoa supply chain in Cote d'Ivoire and Ghana.
Mondelez International is to use its Cadbury and Bournvita brands to launch a line of biscuits in India.
Mondelez International is to open the first phase of a Cadbury plant in Sri City next month after the project was held back by the floods in southern India last year.
Mondelez International has pulled its Time Out chocolate bar in the UK and Ireland citing falling sales in recent years.
Burton's Biscuit Co. is reportedly closing in on a GBP330m takeover of Boparan Holdings-owned biscuit brand Fox's in a deal that could see the company sell off its Cadbury licence.
Mondelez International has developed Cadbury Dairy Milk Medley for the UK market, a small tablet bar marketed as a "luxury" treat in the evening.
Mondelez International today (3 February) booked a fourth quarter of 2015 that saw a continuation of trends in the previous three months - underlying profitability up but sales boosted only by price increases.
Hershey has said it hopes to reverse the declining sales it saw last year through a focus on innovation.
Mondelez International is banking on its advertising, consumer and route-to-market investments paying off to revitalise volumes.
Mondelez International today (28 October) announced a series of changes among its senior management, including the appointment of a new chief growth officer and the establishment of a post of chief commercial officer.
The UK debate over sugar intensified this week with Public Health England calling for a series of measures to reduce consumption. In the US, Campbell Soup Co. and The Schwan Food Co. both made pledges to simplify the ingredient panels in some of their products. In China, PepsiCo announced the opening of the first Quaker Oats plant in the country. Here is the week in quotes.
Chobani, the US-based yoghurt group, has admitted it is weighing up interest from companies looking at investing in the business - and this week the identity of some purported suitors emerged. Staying in dairy, Vietnam's government is looking to sell its 45% stake in Vinamilk, which dominates much of the growing sector there. And a Friday one-two from Nestle, which cut its forecast for annual sales after a challenging, Maggi-affected third quarter and then confirmed tests in India allow the company to at least resume production of the noodles.
Mondelez International has confirmed it continues to co-operate with a US Securities and Exchange Commission investigation into allegations of corruption at a unit in India as reports surface the US regulator could launch civil action against the Dairy Milk maker.
That politicians are selective with the truth is pretty much a given. But it did make this pundit chuckle to hear UK Chancellor George Osborne describe United Biscuits as a "great British company"... Er, yes... one that is owned by Turkish multinational Yildiz Holding.
Since Ferrero announced the death of company founder Michele Ferrero at the weekend, there has been fresh speculation over the future of the Kinder and Nutella maker. Today (18 February), the Italy-based giant looked to quash the rumours.
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