Campbell Soup Co. is to use around US$600m of the proceeds from its sale of upmarket chocolate business Godiva for a share buyback.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The US food group said last night (18 March) that it had sealed the sale of Godiva to Turkish conglomerate Yildiz Holding for US$850m.


President and CEO Doug Conant said: “This latest share repurchase program represents our ongoing confidence in our more focused portfolio and is a continuation of our commitment to deliver strong investor returns.”


The sale of Godiva, first announced in December, paved the way for Campbell to issue an update to its earnings guidance for fiscal 2008.


The company said it expects to see sales growth “in excess” of 3-4% and growth in underlying operating profit of 5-7%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact