Hershey takes control of Indian venture
Hershey today (7 September) announced a deal to take full control of its Indian venture, which has been the subject of speculation for months.
Indian group Godrej Industries has admitted it could sell its stake in its local venture with Hershey, a business it described as "potentially sick".
US confectionery giant Hershey has insisted that India remains a "key focus market" amid local reports that it is close to ending its five-year partnership deal with Godrej Group.
Hershey's new president and CEO John Bilbrey today (26 July) outlined his confidence in the US confectioner's overseas operations but was coy about the future of its Indian joint venture.
The uncertainty around Hershey's venture in India has continued with its partner in the country reportedly insisting the business will continue to operate.
Indian conglomerate Godrej has refused to be drawn on reports that its local venture with US confectioner Hershey has come to an end. Adi Godrej, chairman of the company's consumer…