Mondelēz declines to comment on Terry’s sale rumors

By Oliver Nieburg contact

- Last updated on GMT

Terry's Chocolate Orange joined Mondelēz's predecessor Kraft Foods' portfolio in 2003. Photo: Evan-Amos
Terry's Chocolate Orange joined Mondelēz's predecessor Kraft Foods' portfolio in 2003. Photo: Evan-Amos

Related tags: York, Cadbury plc, European union

Mondelēz International has refused to comment on speculation it has appointed an investment bank to offload its UK brand Terry’s Chocolate Orange.

Sky News reports the Cadbury owner has hired Lazard to sell the Terry's Chocolate Orange and Terry's All Gold among other confectionery products in its portfolio.

It cites ‘people familiar with the process’ that say Mondēlez has earmarked brands mainly in France and assets in the Netherlands and Spain for sale.

A Mondelēz spokesperson told ConfectioneryNews: “As a matter of practice, we don’t comment on market rumors.”

Terry’s Chocolate Orange was launched in the UK by Terry’s of York in 1932. Terry’s was acquired in 2003 by Kraft Foods, Mondelēz’s predecessor company before a 2012 spin-off. Kraft shifted production from York in the UK to Poland soon after the acquisition.

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1 comment

Mrs

Posted by Sally Parkin,

Received a box of terrys all gold for Christmas 290grams dated 14/08/17
Owr0164662 16:42
When the box was opened the chocolates were not edable as they were white and squashed, despite the box not been damaged. I have taken a photo should you wish to see this.
I am disappointed with this product and as my friend purchased me these as part of my Christmas present.

I would expect someone to contact me within the next 48hrs before I post the pictures on social media.

I do not want my details passing on to anone.

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