Actions taken on pricing and moves to improve productivity appear to be paying off for Mondelez International....
Mars Inc plans to step up investment in the Indian chocolate sector by investing in local production. The Indian chocolate market is dominat...
Mondelez International has pursued an aggressive cost-cutting agenda that has seen it maintain profits in the face of growth-limiting macroeconomic headwinds. Even as the company said it expects margin expansion to be the primary profit driver in 2015, it would appear that Mondelez is shifting its focus to long-term growth initiatives. Katy Askew reports.
Mondelez International's shares rose on the back of a fourth-quarter earnings beat but the company's performance, particularly on its top line, was mixed in 2014. We list the key points from the Cadbury maker's results and its guidance for 2015.
Mondelez International's work on costs looks to be paying off with the snacks giant seeing its margins improve and lifting its forecast for annual earnings this week. The Cadbury owner is seeing some pressure on sales - particularly in Europe - after lifting prices to offset higher commodity costs but analysts are generally upbeat about the US group's prospects.
The global market for halal food is expected to grow from US$698bn in 2012 to reach US$830bn in 2016, according to Malaysia's department of Islamic development, and manufacturers in its country and neighbouring Thailand are competing to service this demand. Jens Kastner reports.
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 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.
Premier Foods plc is launching Cadbury Hot Cakes in a bid to extend the brand into "after dinner" desserts in the UK and increase its appeal to older consumers and two-person households.
Mars has escaped charges of price fixing in Canada after the country's Public Prosecution Service dropped its case, two years after accusing the Snickers maker of conspiring with Nestle and Hershey.
Mondelez International is looking to take Cadbury into Australia's "premium" chocolate market with a new brand, Coco.
Mondelez International has opened a chocolate production line at its site in Skarbimierz in south-west Poland.
A deal for Green Giant could be nearing with claims US group B&G Foods is in advanced talks to buy the business from General Mills. Elsewhere, eight companies have expressed interest in Australia's Brownes Dairy, while one sale that was announced this week was the acquisition of European snack bar maker VSI by US co-packer Hearthside Food Solutions. And one story that caught your attention was upstart US egg-free mayo maker Just Mayo coming under fire from the country's food watchdog.
Mondelez International has added to its Cadbury Dairy Milk range in South Africa with the launch of the "premium" line Silk.
Mondelez International chief Irene Rosenfeld has stood behind the snacks giant's moves on costs amid speculation the Cadbury and Oreo owner could face pressure to work harder to improve profitability.
Warren Buffett today (10 August) appeared to pour cold water on the prospect of Kraft Heinz Co. making a move for Mondelez International in the near term.
Activist US investor Bill Ackman got the market talking this week with the disclosure he has invested in Mondelez International. Could he be betting on an eventual bid for the Cadbury owner from the new Kraft Heinz Co.? Meanwhile, the row over the Maggi continued, with India's food safety watchdog brushing off tests that appeared to clear Nestle's noodles. And three UK snacks businesses hit the headlines. The owners of Nakd owner Natural Balance Foods are weighing up their options, Bear owner Urban Fresh Foods is looking at ways to expand internationally - which could involve investment in the business. And crisp firm Tyrrells snapped up an Australian snack maker.
Activist investor William Ackman has built a stake valued at around US$5.5bn in Oreo owner Mondelez International.
Premier Foods plc has announced its debut in the UK "nibbles and bites sector" with the launch of a Cadbury Amaze Bites.
Premier Foods plc is adding to its line of Cadbury desserts in the UK with the launch of individual and twin pot ambient offerings.
This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.
Mondelez International chocolate unit Cadbury has cut 80 manufacturing jobs in Australia, according to union sources.
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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