Hershey is a North America-based chocolate company. Founded by Milton S. Hershey in 1894, Hershey is a public company, listed on the New York Stock Exchange as HSY. The head office for Hershey is located in Derry Township, Pennsylvania, USA. Hershey has a majority of its voting shares controlled by The Hershey Trust.
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The Hershey Trust, which owns over 80% of the US confectioner's voting rights, has reached an agreement with the Pennsylvania Attorney General's office to settle concerns over its governance - and there could be consqeuences for Mondelez International's interest in the Reese's maker.
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.
Hershey's first-quarter results contained a triple whammy yesterday (26 April) as the confectioner reported falling sales and earnings, cuts to forecasts for 2016 and upped its cost savings targets from 2017. The company's results were hit by continued pressure in China and challenges in North America. Hershey, however, announced the acquisition of snacks brand BarkThins and, on a conference call with investors, the Reese's owner appeared confident it was taking the right steps to improve its performance.
That China is central to Hershey's challenges at the moment was underlined on Friday after the US confectioner booked a second-quarter loss of almost US$100m following an impairment charge on local subsidiary Shanghai Golden Monkey.
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.
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.
Hershey has confirmed J.P. Bilbrey, the US confectionery giant's chairman, president and CEO, is to retire from the business next year.
J.P. Bilbrey, the chief executive of US chocolate giant Hershey, is preparing to stand down "by next summer", according to Reuters.
Hershey is entering the UK biscuit market with a Reese's-branded product through a tie-up with UK baker Lightbody Ventures.
Hershey is targeting demand in the US for different "tastes and textures" in the snacks they eat with a new bar containing cookie bits and "decadent" fillings.
US confectioner Hershey and its California-based chocolate arm Scharffen Berger are entering the online meal kit market in partnership with web-based retailer Chef'd, in what the firms said is a first for branded desserts.
Mondelez International has ended discussions with Hershey over a potential acquisition, the Cadbury owner has announced.
Hershey has again lowered its full-year sales forecast, citing macroeconomic conditions in China and a weaker outlook for the candy, mint and gum category in the US
A board member of the Hershey Trust has reportedly resigned in the wake of a takeover bid for the chocolate group from Mondelez International.
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.
Reports that Mondelez International has launched a takeover bid for Hershey sent shares in the US chocolate maker up by as much as 21% in morning trade in New York today (30 June).
Hershey is to close a factory in Canada manufacturing products under its Brookside brand.
Hershey has appointed Michele Buck, the head of its business in North America, to the newly-created role of COO.
Hershey is combining two of its iconic Reese's products with the launch of Reese's Pieces Peanut Butter Cups.
Hershey, the US confectionery giant, today (11 May) pledged to use only sugar from "responsible and sustainable sources" by 2020.
Hershey is introducing a new syrup in the US that contains "five simple ingredients".
Hershey has snapped up Ripple Brand Collective, the US firm behind the BarkThins snack brand.
Hershey has upped its target for annual cost savings in a bid to be able to invest in its brands while achieving its targets on earnings, the US confectioner said today (26 April) as the Reese's maker booked lower first-quarter sales and earnings.
Hershey today (26 April) lowered its forecasts for 2016 underlying net sales and earnings per share, citing a "modest trends" for the business and the wider candy, mint and gum category during the first quarter.
Hershey has said it hopes to reverse the declining sales it saw last year through a focus on innovation.
Hershey's revenue in the fourth quarter continued the trends it had seen in the previous months but improved margins meant the US chocolate maker was able to beat Wall Street earnings expectations.
Hershey is looking to increase the distribution of its protein-based snack brand SoFit in the US.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen.
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.
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