That China is central to Hershey's challenges at the moment was underlined on Friday after the US confectioner booked a second-quarter loss...
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the...
| 23 Jun 2015
Compared to many food sector giants, Hershey's expansion on the international stage was relatively recent. Stepping up Hershey's presence overseas was seen as a way to unlock growth in rapidly-expanding markets and the company was bullish on its ability to translate the brand strength of its portfolio to new territories. But this path has proven challenging in 2015 and, last week, Hershey again lowered its sales forecast for the year, citing weakness in the key international market of China. Katy Askew examines whether Hershey's international drive has stalled.
| 23 Jun 2015
The fourth agricultural commodity to be featured in just-food's management briefing on sustainable sourcing is the world's largest - sugarcane. While sugar is already a much-discussed subject in the context of the obesity debate, Ben Cooper writes, food companies are under increasing pressure to step up engagement on sugar from a supply chain perspective and scale up current sustainability efforts.
| 22 Jun 2015
In the fifth part of just-food's management briefing on sustainable sourcing, Ben Cooper examines how consumer demand for certified sustainable cocoa has fostered corporate action to improve the living standards of their agricultural suppliers and make their raw material supply chains more sustainable.
| 16 Jun 2015
The first section of our management briefing examining how the food industry is working to make agricultural supply chains more sustainable looks at cocoa, a commodity facing grave challenges but now receiving increased and concerted attention from companies following the launch of the CocoaAction collective initiative a year ago.
| 3 Apr 2013
Hershey has become the latest major chocolate company to make a bold public commitment to sustainable cocoa. Andy McCormick, Hershey's vice president, cocoa sustainability, spoke with Ben Cooper about the company's 21st Century Cocoa Plan and its commitment to collective efforts to achieve a sustainable cocoa sector.
| 1 Feb 2013
US confectionery giant Hershey has a vision for growth. The company, which has long faced questions about its US-centric focus, is now looking to overseas markets to fuel sales expansion. Michelle Russell caught up with Thomas Joyce, vice president of customer and industry affairs for Hershey, to find out more about the challenges and opportunities presented by international markets.
| 21 Aug 2015
Acquisitive Nomad Foods, which has snapped up one frozen food business in Europe and is set to buy another, this week confirmed it is eyeing possible deals in the sector in the US. Meanwhile, in emerging markets, Hershey is to go it alone in Brazil and Kellogg is to invest in R&D in India.
| 18 Aug 2015
Hershey's move to buy out its partner in Brazil, Pandurata Alimentos, from their venture in the country has been approved by local competition officials.
| 7 Aug 2015
Hershey today (7 August) reported a second-quarter loss of just under US$100m on the back of an impairment charge on its Chinese unit Shanghai Golden Monkey - and again lowered its forecast for annual sales.
| 5 Aug 2015
Hershey has launched a range of snack bars under its Brookside range in the US.
| 23 Jun 2015
Hershey is launching a Reese's-branded spread in Canada.
| 19 Jun 2015
Hershey today (19 June) announced a "productivity initiative" that will result in the loss of around 300 jobs - as it again lowered its forecast for full-year sales.
| 19 Jun 2015
China continues to be an issue for Hershey, which today (19 June) cut its forecast for 2015 sales for the second time this year thanks to challenges in the market. Meanwhile, around 300 jobs are to go at the US confectionery giant as it tries to react quicker to changing market trends. Nestle, which has had its own issues in China, this week also indicated growth in parts of Africa had not been as rapid as it had hoped.
| 19 Jun 2015
Hershey today (19 June) announced plans to cut 300 jobs as part of fresh efforts to improve productivity and make the company "more flexible". It also cut its 2015 sales forecast for the second time this year - and its earnings guidance for the first time - amid continued challenges in China. Elsewhere this week, we kicked off our latest management briefing, which look at the sustainability of agricultural supply chains. And Ferrero found itself under fire from a French government minister, who claimed the way the company sourced ingredients for Nutella was hurting the environment.
| 5 May 2015
Hershey is expanding its Reese's offering in Canada with the launch of Reese Snacksters, a line the company bills as a more portable snacking option.
| 24 Apr 2015
The EUR2.6bn sale of European frozen food giant and Birds Eye owner Iglo Group grabbed the headlines this week - and we looked at where the new owners - Nomad Holdings - could look next. Blue Bell Creameries, the US ice cream maker linked to a fatal listeria outbreak, was in the spotlight for very different reasons, pulling all its products from the market after fresh tests.
| 24 Apr 2015
This week, Associated British Foods reported its annual results and revealed it struggled with competition in the UK and Australian bakery sectors. US consumer goods rookie acquired Birds Eye owner Iglo Group. Hershey had its first quarter results out which demonstrated troubles in uptake of chocolate in China. And Blue Bell announced it was pulling all its products off US shelves after fresh tests found more listeria-ridden products. Here is the week in quotes.
| 23 Apr 2015
Hershey has cut its target for annual sales, on the back of foreign exchange and lower-than-expected sales in China.
| 22 Apr 2015
Hershey has added chocolate-covered caramels to its namesake range in the US.
| 10 Apr 2015
Former Hershey executive David Sugarman has been appointed president and CEO of kosher foods firm The Manischewitz Co.
| 2 Apr 2015
Hershey has handed president and CEO J.P. Bilbrey the role of chairman.
| 5 Mar 2015
Mars and Hershey have ended their legal spat over the chocolate giants respective Maltesers and Malteser trademarks in the US.
| 27 Feb 2015
US chocolate group Hershey has appointed recruitment firm Kelly Services' finance chief Patricia Little to the post of CFO, effective 16 March.
| 20 Feb 2015
This week, Danone reported its full year numbers with a rise in organic sales but lower earnings on a reported basis. Elsewhere Mondelez acquired free-from snack maker Enjoy Life. The Consumer Analyst Group of New York also took place and featured presentations from Kellogg, PepsiCo and Mead Johnson. Here is the week in quotes
| 19 Feb 2015
Hershey has forecast the size of China's chocolate market will grow by two-thirds by 2019.
| 18 Feb 2015
Hershey has rejected claims of "unsafe" lead and cadmium levels in some of its chocolate as "old" and insisted that they were "discredited years ago".
| 16 Feb 2015
Nestle is aiming to grab sales in the US liquorice category through its latest NPD for candy brand Sweetarts.
| 30 Jan 2015
This week, Hershey announced the acquisition of meat jerky brand, Krave. Post also revealed it was to acquire US cereal brand MOM. Elsewhere, Campbell announced a reorganisation of its business and JBS US said it would pump US$75m into its Utah plant. Here is the week in quotes
| 28 Jan 2015
US fans of British chocolate imports have taken to social media to vent their frustration after Hershey earlier this week reached a settlement with an importer to stop distributing British-made candy bars into the country.
| 23 Dec 2014
Pasta maker Barilla has joined the likes of Hershey in investigating the uses of 3D printing in the food sector.
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