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.
| 22 Oct 2015
CSM Bakery Solutions came to life two years ago when Rhône Capital acquired the bakery supplies business of Dutch food and ingredients group CSM. At the time, Rhône Capital said it would invest in CSM's capacity to innovate and use its customer relationships to support global growth. Katy Askew spoke to CSM vice president of bakery products, Sebastian Siethoff, to find out more.
| 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.
| 28 Oct 2015
Hershey has once again lowered its full-year sales forecast as third-quarter North American revenue came in below expectations and its Chinese arm continued to weigh on the business.
| 23 Oct 2015
Hershey has outlined a series of new sustainability targets as part of its move to join the American Business Act on Climate Pledge, an initiative drawn up by the Obama administration to "demonstrate support for action on climate change".
| 22 Oct 2015
CSM Bakery Solutions is working to grow sales ahead of its core markets in Europe and North America through insight-led innovation and branding, vice president of bakery products Sebastian Siethoff told just-food.
| 21 Oct 2015
Hershey is launching the "premium" Kisses Deluxe chocolates in the US, looking to target consumers wanting to buy "premium" chocolates as a gift.
| 5 Oct 2015
Hershey has signed-up to non-profit organisation Partners in Food Solutions (PFS) to support efforts to strengthen Africa's food system.
| 25 Sep 2015
Russia this week reportedly ruled out the use of GMOs in its food production, a further stiffening of its position on the issue. In the US, meanwhile, the Obama administration announced plans to halve food waste in 15 years. And, among a series of stories out of France, came news of raids from the country's competition watchdog on compote manufacturers.
| 22 Sep 2015
The US court of appeals has upheld a dismissal of an antitrust lawsuit against confectioners Hershey, Mars Inc and Nestle.
| 11 Sep 2015
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.
| 4 Sep 2015
B&G Foods struck a deal to buy General Mills' struggling Green Giant business - but insisted it could revitalise its sales. Arla Foods announced two ventures in Africa to boost its presence in the continent. And Nestle outlined plans to make KitKat with only sustainably-sourced cocoa from next year.
| 2 Sep 2015
Hershey has become the latest FMCG company to look to sell a brand through Amazon Dash, the e-commerce giant's at-the-touch-of-a-button re-ordering service in the US.
| 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.
| 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.
The Hershey Company : Consumer Packaged Goods - Company Prof
"The Hershey Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis" report, published by Canadean provides a succinct overview of the company and its operations, detailing the...
Hershey Co, The in Packaged Food (World)
Hershey will benefit from strong value growth in the United States, which is the company’s central focus. Whilst a justified criticism would be that there is too much reliance on the US, there have be...
Hershey Co, The in Packaged Food (USA)
The company is looking to continue its strategy of “predictable, profitable and sustainable North American business”. In order to reach this goal, Hershey is investing more heavily in advertising and...
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