Mondelez International, the owner of Cadbury, Milka and Toblerone, this week announced the end of its plans to gobble up another chocolate m...
The Hershey Trust, which owns over 80% of the US confectioner's voting rights, has reached an agreement with the Pennsylvania Attorney Gener...
Mondelez International yesterday (28 July) reported its second-quarter and half-year numbers, leading to the US snacks giant's shares sliding almost 3% in the New York. The Oreo maker's operating margins and underlying earnings per share beat analyst forecasts - but growth in revenues on organic basis was weak and the company is now less certain about its forecast for annual sales. There was also plenty for Mondelez to discuss beyond the financials, notably its push into chocolate in China and its interest in Hershey.
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.
The proposed trade agreement between the EU and the US - dubbed the Transatlantic Trade and Investment Partnership, or TTIP - has proved a source of fierce debate, with supporters seeking to emphasise the economic benefits of a deal but critics claiming it would favour big business, endanger food safety and the environment - and even undermine democracy. In recent weeks, opposition has emerged in political circles, with France's President Hollande insisting he would veto the agreement in its current form. Food and agriculture is at the centre of Hollande's concerns and the sector is among the main points of contention. But what could be the impact of TTIP on food manufacturers? Liz Newmark reports.
Oxfam's Behind the Brands campaign reflects the increased responsibility global food companies are now expected to assume for working conditions, wages, safety and workers’ rights in their agricultural supply chains. Ben Cooper reports.
When Mondelez International swooped for free-from food maker Enjoy Life Foods last year, the snack food giant said it was gaining access to the "fast-growth" free-from food sector via a "market-leading brand". One year on and Mondelez's resources have opened up a number of growth avenues for Enjoy Life. Joel Warady, Enjoy Life's chief sales and marketing officer, speaks to just-food about how the business is looking to capitalise on its growing potential.
Mondelez International has laid out how it plans to "accelerate" efforts to reduce the group's impact on the environment, setting new sustainability goals for 2020. Ben Cooper spoke to Jonathan Horrell, the snacks giant's global director of sustainability, to discuss the targets.
Mondelez International has ended discussions with Hershey over a potential acquisition, the Cadbury owner has announced.
Vietnamese food group Kido Corp., formerly Kinh Do Corp., has sold the remaining 20% of its snacks business to Mondelez International for a reported VND2 trillion (US$90m).
UK-based Burton's Biscuit Co. has said it is set to launch a "transformational growth plan" across its core brands, following the sale of its Cadbury biscuit licence to Mondelez International.
Mondelez International said today (12 August) it had agreed terms to buy the licence to manufacture, market and sell Cadbury-branded biscuits around the world from UK-based Burton's Biscuit Co.
Mondelez International has launched its Cadbury Dairy Milk Marvellous Creations chocolate line in India.
We released the results of our post EU referendum confidence survey this week, with findings pointing to nervousness over the medium term impact on the food sector. This is in no small part due to uncertainty over the potential trade deals that will emerge. We also ran an in-depth analysis of the various scenarios UK food makers could face in their trade with Europe. Mondelez International revealed sales are coming under pressure and detailed plans to expand in the Chinese chocolate sector. Danone updated on its progress in fresh dairy. Here are the top headlines from just-food this week.
Mondelez International is to make a move to build its presence in China's chocolate market with the launch of its European brand Milka in September.
Mondelez International has revised its forecast for how much the US snacks giant's revenues will grow on an organic basis in 2016.
Premier Foods reported continued positive progression on its sales this morning (21 July), when it delivered its fourth consecutive quarter of revenue growth.
The owners of Burton's Biscuit Co. have declined to comment on reports that the firm has been approached by Cadbury owner Mondelez International in a move to buy back the license to produce biscuits under the Cadbury brand.
A board member of the Hershey Trust has reportedly resigned in the wake of a takeover bid for the chocolate group from Mondelez International.
Merger and acquisitions have become the major source for revenue growth for the world’s biggest food brands that are part of the top 50 global consumer goods companies.
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).
Kraft Heinz Co. and Mondelez International have been named in a second lawsuit alleging the illegal manipulation of wheat futures by the former Kraft Foods Group after a federal court in Chicago refused a motion to dismiss.
US group Back to Nature Foods has launched breakfast biscuits under its low-fat snack brand Snackwell's.
Cadbury chocolate and Ritz crackers owner Mondelez International has conceded it has "much more work to do" on its targets for lowering saturated fat and sodium in its products after revealing the progress it is making on a range of moves to make products healthier and more sustainable.
Mondelez International is planning to "interact" with consumers in "real-time" on Facebook's Messenger app as part of the snacks giant's international marketing tie-up with the social network.
Mondelez International has broken ground on a US$15m global research, development and quality site in Poland.
Mars Inc said today (7 June) it is "assessing the next steps" after a court in Sweden ruled the company could face heavy fines if it continues to sell its M&M's confectionery in the country, following a long-running trademark tussle with Mondelez International.
Talks are under way between Mondelez International's French arm and trade union negotiators over staffing changes arising from the pending sale of five production sites to investment company Eurazeo.
Spanish dairy products firm Calidad Pascual has appointed former Mondelez Iberia chief Jose Luis Saiz as its new CEO.
Wow. Your correspondent is penning this blog following precious little sleep after the combination of a humid night in London and the emergence of the most significant event in UK history since 1945 made sleep tricky on Thursday night.
just-food (and sister site just-drinks) are the exclusive media partners for the three-day Consumer Analyst Group Europe investment conference, which starts today in London.
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