Mondelez International is focusing on its snacks business, cutting costs and separating out its coffee operations in a tie-up with D.E Master Blenders. The strategic shift is likely to reduce volatility and boost margins. But...
Mondelez International said today (6 May) that it has zeroed-in on its snack business as it booked an increase in first-quarter earnings.
Mondelez International chief Irene Rosenfeld has insisted the global snacks giant's work to restructure its supply chain and cut overheads is "critical" as the Cadbury owner adapts to slower market growth.
In the year or so since Mondelez International was formed, the Cadbury owner's sales performance has, generally, fallen below expectations. Some in the market believed company's sales target was too ambitious, given the slowdown in its key snacks categories around the world. Reflecting on its 2013 performance and 2014 outlook, Mondelez appears to have rejigged its sales goals to follow market performance more closely.
Nelson Peltz has given up on his bid to try to get PepsiCo to merge with Mondelez International - but will focus on lobbying for the US snacks and cola giant to split in two.
Oreo and Cadbury owner Mondelez International has revealed more details on its plans to boost margins, which will see it revamp its production network, do business with fewer suppliers and…
© Copyright Verdict Media Limited 2021
