Cloetta, the Swedish snack maker, reported a loss for 2016 this morning (1 February) primarily due to an impairment charge related to its It...
With a new CEO at Cloetta, the European confectioner has already faced questions about its possible acquisition targets. However, Stefan Kir...
Cloetta CEO Bengt Baron is handing the reins to the boss of its Finnish unit, David Nuutinen, after six years at the top of the European confectioner. The company has just come through what Baron called an "intense restructuring period" following the merger between Cloetta and Leaf International in 2012 and the business is seeing a steady rise in sales. But what lies ahead for Nuutinen? Hannah Abdulla reports.
As the dust settles after Cloetta's merger with Leaf, the company does face a battle eking out growth in its key markets. However, it has set its sights on small, bolt-on deals in niche categories, rather than pushing the boat out and setting sail for growth in emerging markets.
Consumers must take on the increase in commodity costs faced at Swedish confectionery giant Cloetta, its chief executive insisted today (24 August).
"This transaction makes industrial and strategic sense." So said Leaf International CEO Bengt Baron when on Friday he announced the Swedish confectioner's plans to merge with local rival Cloetta. The initial reaction from analysts is much the same. As Sam Webb reports, industry watchers believe the combined company will benefit from the increased number of markets in which it operates and a greater ability to deal with volatile commodity costs.
Cloetta announced plans to take control of Aran Candy, a company that manufactures up-market brand The Jelly Bean Factory, last week. Aran co-founder and MD Richard Cullen - who will continue to head up the business following the acquisition - tells just-food that he expects the change of ownership to take The Jelly Bean Factory's growth trajectory to the next level.
Swedish snack maker Cloetta said today (17 February) it had signed an agreement to buy local confectionery supplier Candyking Holding.
Cloetta, the Sweden-based snack maker, today (1 February) reported a loss for 2016 due to the recently-announced impairment on its Italian business but pointed to higher underlying annual profits and a pick-up in sales in the fourth quarter of the year.
Cloetta, today (18 January) said it may sell its business in Italy, a market where the Sweden-based confectionery group has struggled to grow sales in recent years.
Sweden-based confectioner Cloetta is selling a selection of its products in China in its first foray into the online retail market in the country via Alibaba's Tmall platform.
Turkey's Kervan Gida, which produces candies including the Bebeto jelly brand, has acquired UK-based Dexters Confectionery for an undisclosed sum.
Cloetta, the Sweden-based confectioner, has hired Arla Foods executive Henri de Sauvage Nolting as its new president and CEO.
Confectioner Cloetta has reported a rise in earnings for the third quarter, despite lower sales in the period.
David Nuutinen, the president and CEO of European confectionery group Cloetta, has decided to stand down from the post, with the company citing "private reasons".
Cloetta, the European confectioner, is to cut jobs at Swedish nut maker Nutisal.
European confectionery group Cloetta booked an increase in first-quarter earnings this morning (21 April), boosted by the top-line contribution from acquisitions.
Cloetta, the Sweden-based confectioner, saw revenue rise in the fourth quarter of 2015, helped by June's acquisition of Dutch fudge maker Locawo, but challenges in Italy hit organic sales.
Confectionery group Cloetta has put forward plans to close a factory in the Dutch town of Dieren by the end of 2016.
This week, Orkla pledged zero-deforestation by 2020. Elsewhere, United Biscuits opened its first e-commerce store in China. just-food spoke to CEO of American Halal Co., Adnan Durrani following the firm's recent acquisition in the plant-protein space and Givesco Bakery acquired cake maker Almondy. Here is the week in quotes.
Swedish confectioner Cloetta has reported an increase in sales and profits for the first nine months of the year.
Cloetta has inked a deal to acquire Locawo, a Dutch manufacturer of fudge, nougat and chocolate under the Lonka brand, in a move the confectioner said will “significantly” strengthen its position in the Netherlands.
Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.
Mars raised eyebrows in the US with support for calls for nutrition labels in the country to contain information on added sugar. Nestle has seen its infant formula production in South Africa hit by the country's power problems. And European confectioner Cloetta, the company behind brands like Chewits and Sportlife, announced CEO Bengt Baron had decided to step down.
Newly-appointed Cloetta CEO David Nuutinen has said local acquisitions will form part of his plans to grow the European confectioner.
Confectionery company Cloetta has appointed David Nuutinen as president and CEO of the company.
First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's our weekly round-up of companies' financial results.
Cloetta is to cut its workforce in Italy by 30 staff on the back of weak sales in the country.
The cycling of a tax benefit in 2013 meant Cloetta's net earnings fell in 2014 but the confectionery group booked higher operating profit thanks in the main to improved efficiency.
Goody Good Stuff, the UK-based free-from confectioner owned by Cloetta, has secured listings at three major US retailers.
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Fonterra cuts earnings forecast
- Unilever invests in Dutch meat substitute project
- Immigration crackdown "risk" for US dairy industry
- Lactalis fails to hit threshold to delist Parmalat