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Market Insights

Restacking BRICs: Chocolate makers to rethink future growth markets, says Euromonitor

Euromonitor International has pinpointed several promising chocolate markets that may help manufacturers offset slowdowns in traditional emerging markets such as China and Brazil.

No PayDay: Hershey rejects Mondelēz $23bn takeover approach

Hershey has rejected a takeover approach from Mondelēz International that would have created ‘the world’s largest candy company.’

Lindt launches 'shop-in-shop' concept in Hong Kong

Passengers at the Hong Kong International Airport (HKIA) are now able to pick and mix their favorite Lindor chocolate for the first time, thanks to the recent partnership between Lindt...

News in brief

Hershey to close Brookside Abbotsford factory with loss of 180 jobs

Around 180 jobs are to be cut due to the shutdown of the Hershey-owned Brookside Foods’ Abbotsford factory in Canada by the end of October.

Listeria alert: Hershey, Atkins and Kashi hit by extended SunOpta recall

The list of products being pulled from shelves over fears they contain sunflower seeds contaminated with a bacteria that that causes listeria continues to grow.

Lindt appoints new CEO; Hershey names COO

Swiss chocolatier Lindt & Sprüngli has recruited a new CEO, while US giant Hershey has named its chief operating officer.

New program to help cocoa farmers adapt to threat of climate change

Businesses including Barry Callebaut, Mars and Nestlé are part of a new program designed to help cocoa farmers adapt to the threat of climate change.

NEWS FROM THE Sweets & Snacks Expo: CHICAGO

Raise your glasses: the winners of the Most Innovative New Product Awards

The National Confectioners Association (NCA) unveiled and gave awards to the “most innovative candy and snack ideas, concepts and products” at the annual Sweets & Snacks Expo this year in...

Just the occasion: Hershey’s 'store within a store' experiential displays up sales

Hershey has reported positive results for its Candy Experience concept 'store within a store' at a Winn-Dixie outlet in Louisiana and three Supervalu-Cub Food Stores in Minnesota. 

Hershey's barkTHINS buy an 'excellent move' as Q1 sales decline: Analyst

Hershey has posted a 5.6% net sales decline in its first quarter (Q1), but one analyst believes its acquisition of chocolate business barkTHINS offers hope in a troubled US confectionery market....

Farewell to US mainstream chocolates’ golden age? It’s possible, says UBS

Mainstream players like Hershey may struggle to maintain grip on the US chocolate market amid rising competition and a shift to seasonal and premium products, claims an analyst at Swiss-based financial...

Exclusive interview

WCF president: Cocoa sustainability efforts ‘not just focused on productivity’

The World Cocoa Foundation’s acting president has defended farmer inclusivity under the industry-backed CocoaAction initiative and says efforts are not limited to yield increases.

Hershey and Nestlé cocoa slave labor lawsuits dismissed

A district court in California has thrown out lawsuits accusing Hershey and Nestlé of misleading consumers by failing to disclose cocoa in some chocolate brands may come from slave labor.

KRAVE Jerky general manager: We could be a $500m brand

KRAVE – the upmarket jerky brand that helped to spearhead a renaissance at the premium end of the meat snacking category – could be a $500m brand “very quickly”, claims...

NCA predicts US Easter candy sales will hit $2.4bn this year

Easter this year is short, but it won't stop retail sales of Easter candy from growing, vice president of public affairs and communications at National Confectioners Association (NCA), Christopher Gindlesperger,...

Easter baskets 2016: What's new from the top confectioners?

Confectioners, including Mars, Hershey and Peeps have introduced new products for the upcoming Easter, which the National Confectioners Association predicts will help US Easter candy sales grow 1.4% from 2015. 

Hershey rolls out Big Kat at Walmart and c-stores

Hershey has relaunched KitKat SKU Big Kat in the US market.

Ad block: Smaller confectioners to stop advertising to kids under new scheme

Six US confectionery businesses have pledged not to advertise directly to children below the age of 12 under a new industry initiative.

Tootsie Roll posts 2015 growth as Warren Buffet and potential suitors lurk

Tootsie Roll has grown net sales and earnings in the fourth quarter and full-year 2015, which one analysts says may intensify interest from Warren Buffet or Turkish firm Yildiz Holdings.

No love for Valentine's chocolates on big retailers' online stores, says Clavis Insight

A study by Clavis Insight suggests major retailers in the US and UK are missing on an important sales opportunity to drive Valentine’s chocolate purchases online.

Financial Results

Hershey sees international glitch driven by China's weak chocolate appetite

Hershey’s international sales plummeted 26.8% to $281.5m in the fourth quarter primarily due to declines in China.

Hershey’s launches Chocotubs in IML packaging in Brazil

Hershey’s has launched its Chocotubs crunchy cookies with chocolate dip, in in-mould labelling (IML) packaging with labels from Verstraete IML, in Brazil.

News in brief

Cult Candy: Hershey refreshes Take5 brand after sales soar without marketing support

Hershey has re-branded and relaunched its candy brand Take5 after sales grew 10% in the last three years without any marketing support.

Hershey seeks innovation partner to ship chocolate in hot weather

Hershey has launched a contest calling for companies to help it develop a lightweight, affordable shipping system that will keep chocolate cool even in the warmest months.

Do Millennials really prefer ethical chocolate? Hershey-backed study investigates

Millennial consumers claim to favor ethical products, but are often unwilling to pay the premium in practice, according to a study supported by Hershey.

Key Industry Events