Blog: Why the status quo will prevail amid Hershey shake-out
Dean Best | 4 December 2007
With yet another top executive set to leave Hershey, rumours persist that a big announcement from the US confectionery giant is just around the corner.
The news that Thomas Hernquist, Hershey’s chief global growth officer, is to follow a gaggle of senior executives – including CEO Rick Lenny – out the door has fed speculation that the company could be sold.
In truth, the management shake-out at Hershey means just the opposite. The clear-out at boardroom level was instigated by The Hershey Trust, the company’s largest shareholder, which wants to remain in the driving seat.
And a roomful of new executives and a new man – Dave West – in charge, the trust must be hoping it can develop a team to pull together, develop a clear direction and revitalise the business.
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....
As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...
Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...
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