Cadbury's confectionery blueprint

As bleak as the idea of axing 15% of a company’s workforce might appear, this morning’s announcement of a major restructuring at Cadbury Schweppes could ultimately be good news for its presence in the global confectionery market. Dean Best reports.

Cadbury hopes confectionery focus will sweeten business

19 June 2007

UPDATE: UK: Reshaped Cadbury eyes bolt-on acquisitions

19 June 2007

Cadbury Schweppes chief executive Todd Stitzer has hinted that the company would steer clear of bidding for rival Hershey once it becomes a pure confectionery business. Stitzer (pictured) was speaking today (19 June) in London as Cadbury outlined plans to reshape its business after the sale or demerger of its US drinks operations.

UK: Cadbury to wield axe in radical restructuring

19 June 2007

Cadbury Schweppes said this morning (19 June) that it would axe 15% of its workforce as part of a sweeping cost-cutting drive that it hopes will reshape the business.

Bittersweet times for Hershey

1 May 2007

In the midst of a major streamlining programme and having just signed an outsourcing deal with Swiss chocolate producer Barry Callebaut, these are certainly interesting times for the established US confectionery giant Hershey. But, asks Dean Best, could this activity be the prelude to the ‘transformational’ deal which some analysts believe the company needs?