Nordic confectioner Cloetta Fazer has changed the wrapping on its
liquorice, following criticism that the caricature of a black
person perpetuates a negative racial stereotype.
The acquisition of Finnish gum manufacturer Fennobon Oy by Cloetta
Fazer today comes into force, as the Sweden-based confectionery
company moves to make its mark on the sugar-free and functional gum
market.
Sweden-based confectionery firm Cloetta Fazer today announced it is
investing SEK 270m (€29m) in two new chocolate manufacturing lines,
as part of a drive to boost its market share in the Nordic region.
Cloetta Fazer, Scandinavia's biggest confectionery company, has
revealed growth in the Nordic region despite decreased earnings due
to increasing price pressures.
Cloetta Fazer, the Swedish confectionery group, has finally lost
patience with its perennially underperforming Polish unit, deciding
to close the Gdansk-based company after failing to elicit an
improvement in its performance, writes...
Scandinavian confectioner Cloetta Fazer remains optimistic that it
can turnaround flagging Polish sales, despite posting disappointing
2004 operating profits, Tom Armitage reports.
The Nordic region's biggest confectionery producer Cloetta Fazer
has appointed a new distributor for its operations in Norway in a
bid to strengthen its position in that market.
A strategy of concentrating on a handful of core confectionery
brands has left Sweden's Cloetta Fazer group with significant
overcapacity - and an inevitable programme of factory closures.
Cloetta Fazer Group, the Stockholm-listed Swedish-Finnish
confectionery group, says it is planning to tap into the huge
potential of the Poland market. According to CEO Karsten Slotte,
the company is set to play a role in the consolidation...
Cloetta Fazer has reported signing a new long-term distribution
agreement with Brynild Salg for the continued sale of Cloetta
Fazer's products in Norway and the Nordic region as a whole.
The Nordic region's leading confectionery maker, Cloetta Fazer, has
said that it expects the price of cocoa beans, a key raw material
for many of its products, to remain stable for the rest of this
year.
The company's increasing emphasis on the Polish confectionery
market meant that Sweden's Cloetta Fazer fell foul of adverse
exchange rates in the first half of 2003.
A good third quarter sales performance in Finland helped Nordic
confectionery group Cloetta Fazer to a 33 per cent increase in
pre-tax profits for the period.