Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valu...
Hershey's first-quarter results contained a triple whammy yesterday (26 April) as the confectioner reported falling sales and earnings, cuts...
In the second of a two-part feature, Hannah Abdulla looks at two more members of the BRIC quartet and explores what India and China hold in store for the packaged food industry over 2016.
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.
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the impact of China's recent economic slowdown is affecting companies in our sector.
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.
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.
A board member of the Hershey Trust has reportedly resigned in the wake of a takeover bid for the chocolate group from Mondelez International.
The Hershey Co revealed today (30 June) that 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.
This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes
More than 30 US food companies including the likes of ConAgra Foods, Smucker, Kellogg and General Mills have signed up to SmartLabel technology, committing to being more transparent about the ingredients that go into their products.
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.
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".
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.
Hershey is launching the "premium" Kisses Deluxe chocolates in the US, looking to target consumers wanting to buy "premium" chocolates as a gift.
Hershey has signed-up to non-profit organisation Partners in Food Solutions (PFS) to support efforts to strengthen Africa's food system.
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.
Pasta maker Barilla has joined the likes of Hershey in investigating the uses of 3D printing in the food sector.
Hershey Co, The in Packaged Food (USA)
The Hershey Co is looking to continue its strategy of a “predictable, profitable and sustainable North American business”....
Hershey Co, The in Packaged Food (World)
Hershey Co, The in Packaged Food (World)...
Global Chocolate Confectionery
Global Chocolate Confectionery industry profile provides top-line qualitative and quantitative information including: market size (value 2009-13, and forecast to 2018)....
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