Blog: Dean BestKraft deal sweetens Barry Callebaut shares

Dean Best | 9 September 2010

Today's (9 September) announcement that Barry Callebaut has signed a fresh agreement with Kraft Foods to supply the US food giant with cocoa and chocolate sent the Swiss firm's shares soaring.

And as we outline here, the agreement is a further sign of the strength of Barry Callebaut's business model. Barry Callebaut CEO Juergen Steinemann has long espoused the business benefits for the big chocolate brand-owners of outsourcing production to companies like the one he leads.

Looking at the near 6% rise in Barry Callebaut's share price today, the market has been reminded of the benefits outsourcing also has to the Swiss chocolate maker, which is by far the largest supplier in a sector where outsourcing seems set to continue, particularly given pressure on commodity costs.


BLOG

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

BLOG

Reckitt Benckiser clears final Mead Johnson hurdle

The final regulatory approval needed for the UK-based consumer goods giant's takeover of the US infant formula maker has been received, with the US$17.9bn deal set to be completed on Thursday (15 June...

BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

just-food homepage



Forgot your password?