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Hershey stands firm as China woes laid bare

That China is central to Hershey's challenges at the moment was underlined on Friday after the US confectioner booked a second-quarter loss...

Editor's viewpoint: The impact of China's slowdown

Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the...

Focus: Has Hershey's international push backfired?

Katy Askew | 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.

Why focus on cane sugar supply chains to rise

Ben Cooper | 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.

The consumer demand for sustainable cocoa

Ben Cooper | 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.

How cocoa sustainability has come to fore

Ben Cooper | 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.

Latest Interviews

CSM Bakery Solutions outlines plans for growth

Katy Askew | 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. 

Sustainability Watch - Andy McCormick, Hershey

Ben Cooper | 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.

Latest News

Hershey cuts sales guidance again 

Katy Askew | 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.

Hershey sets out new CSR targets

Dean Best | 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".

CSM eyes licensing to grow in US, Europe – audio

Katy Askew | 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. 

Hershey launches "premium" Kisses Deluxe in US

Dean Best | 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.

Hershey joins PFS to support African development

Katy Askew | 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. 

Industry news of week - Russia GMOs; US and waste

Dean Best | 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.

US dismisses Hershey, Nestle, Mars collusion case

Hannah Abdulla | 22 Sep 2015

The US court of appeals has upheld a dismissal of an antitrust lawsuit against confectioners Hershey, Mars Inc and Nestle.

Mars price-fixing charge dropped in Canada

Hannah Abdulla | 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. 

Industry news of week - Green Giant, Arla, KitKat

Dean Best | 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.

Hershey to sell Ice Breakers through Amazon Dash

Dean Best | 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.

Industry news of week - Nomad Foods, Kellogg

Dean Best | 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.

Hershey Brazil buy-out approved

Dean Best | 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.

China-hit Hershey in Q2 loss; cuts sales forecast

Hannah Abdulla | 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.

Hershey launches Brookside snack bar line

Hannah Abdulla | 5 Aug 2015

Hershey has launched a range of snack bars under its Brookside range in the US.

Hershey takes Reese Spreads to Canada

Hannah Abdulla | 23 Jun 2015

Hershey is launching a Reese's-branded spread in Canada.

Hershey to cut jobs as outlook lowered again

Katy Askew | 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.

Food industry news of week: Hershey, Nestle

Dean Best | 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.

Food industry quotes of week: Hershey, Nutella

Hannah Abdulla | 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.

Hershey launches Reese Snacksters in Canada

Katy Askew | 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.

Food industry news of week: Iglo, Blue Bell

Dean Best | 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.

Food industry quotes of week: ABF, Hershey, Iglo

Hannah Abdulla | 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.

Hershey cuts sales forecast on forex and China

Hannah Abdulla | 23 Apr 2015

Hershey has cut its target for annual sales, on the back of foreign exchange and lower-than-expected sales in China.

Latest blogs

Hershey in Twitter backlash over Brit choco-ban

Hannah Abdulla | 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.

Barilla eyeing 3D printing

Katy Askew | 23 Dec 2014

Pasta maker Barilla has joined the likes of Hershey in investigating the uses of 3D printing in the food sector.

Company research

The Hershey Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis

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...

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Hershey Co, The in Packaged Food (World)

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...

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Hershey Co, The in Packaged Food (USA)

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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