US confectionery and snacks giant Mondelez International is to move its global headquarters from Deerfield, Illinois, to nearby Chicago.
The Cadbury’s chocolate and Oreo cookies maker will make the move – involving 400 employees – when the lease on its current HQ expires in April 2020.
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Mondelez’s new base will be in the Fulton Market area in downtown Chicago, to which fast food giant McDonald’s recently relocated its HQ. It has signed a long-term lease on a newly-constructed five-story office building.
Dirk Van de Put, the company’s chairman and chief executive, said: “We sought a location that reflects our new, dynamic and more consumer-centric growth culture, and which will make existing and future colleagues proud to be working at the global headquarters of a US$26bn dollar global snacking leader.
“Fulton Market is an exciting part of the City of Chicago that has acquired a well-deserved reputation for world-class food. We’re privileged to be part of this rapidly-developing scene.”
Mondelez will occupy the entire building with the exception of some first-floor retail space which will be made available to tenants.
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By GlobalDataIts employees will move to the new location in the second quarter of 2020. Staff from allergy-friendly subsidiary Enjoy Life Foods are also relocating from its local headquarters to Fulton Market to “allow the independently-run company to have even closer access to the resources of its parent company”.
