Blog: Hershey and Cadbury - a shared heritage?
Dean Best | 11 October 2007
Nearly all in the investment community see the business rationale for Cadbury and Hershey to merge – but there are also striking similarities in the origins and heritage of the two confectioners.
As Ben Cooper notes in our Hot Topic today (11 October), Cadbury was founded by a nineteenth century Quaker philanthropist with enlightened views about social welfare, and in particular the welfare of his workers. Like Milton Hershey, the founder of the US candy giant, John Cadbury wanted his business to embody that spirit.
Of course, one must not over-egg the link between the foundations of the two companies and the way they are run today. (Employees who have recently lost their jobs at Cadbury and Hershey might have something to say about that).
However, it’s a point worth making and it may just persuade the Hershey Trust – so far adamant that it wants to keep control – to team up with a company of similar heritage.
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