1-800-Flowers.com shows no regret a year after selling Fannie May to Ferrero, and recently noted its newly created Simply Chocolate has outperformed the Chicago-native chocolate brand.
Ferrero is set to overhaul the recipes of Butterfinger and Crunch bars after creating a new business unit by merging its recently acquired Ferrara and Nestlé’s US candy portfolio later this year.
The National Confectioners Association (NCA) has named the most innovative product award winners of 2018 at the Sweets and Snacks Expo in Chicago (May 22-May 24, 2018).
Nutella maker Ferrero has completed the acquisition of Nestlé’s US confectionery business, including more than 20 of its brands such as Butterfinger, BabyRuth, Crunch, and SweeTarts.
Mintel says mass produced chocolate brands such as Mars and Hershey are losing market share to imported premium chocolate brands in China primarily due to lack of innovation.
Ferrero Group has closed its fiscal year 2017 with a consolidated turnover of €10.5bn ($12.96bn), an increase of 1.5% compared to the previous year at €10.3bn ($12.72bn).
Ferrero has disclosed the locations of 116 palm oil mills across the globe, shortly after the publication of a report by environmental group Greenpeace.
Responding to a new report from Greenpeace, confectionery giant Hershey has named its palm oil suppliers, and has revealed that it has mapped almost 100% of palm oil supply chain to the mills, and approximately 14% to the plantations.
Three major confectioners will carry a redesigned ‘Be treatwise’ label on certain products in the UK to encourage moderate consumption. Separately Nestlé is cutting sugar in its UK confectionery range.
Manufacturers including Unilever, Mondelēz and Alpro are using claims of ‘new, improved recipe’ to hide ingredient "downgrading", according to a German consumer group.
Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.
While Mars is currently the market leader in China’s chocolate confectionery space, Ferrero has been growing over the past five years with increased shares year-over-year, the latest Euromonitor data shows.
Ferrero has been accused of secretly changing the recipe of Nutella to replace expensive cocoa with cheaper milk powder, but it says it has merely "fine-tuned" the recipe.
A district court judge in Frankfurt has ordered Ferrero to label the number of individually wrapped chocolates on its Raffaello’s packaging after a local consumer complained that the product only showed its total weight.
Traceability from farm to first purchase, common definitions of protected areas and paying farmers a living income are three ways stakeholders say can help end cocoa-driven deforestation in West Africa, which is threatening endangered species.
Ferrero will introduce a new flavor variant of Tic Tac Mixers, Hello Kitty and Hot Wheels-branded Kinder Surprise eggs, and will bring biscuit brand Nutella B-Ready to the UK market.
A survey conducted by YouGov Australia shows that Cadbury is Asia Pacific’s (APAC) favorite chocolate brand, chosen by 25% of the respondents in the region.
Ferrero says it is on course to trace its entire cocoa supply to farm gate by next year, which it says will support its commitment to zero deforestation.
EU confectionery trade body Caobisco is encouraging its members to set a date by which they will source all cocoa and palm oil from a certified sustainable source.
Nestlé Cocoa Plan has come out top in a report by Stop the Traffik and Baptist World Aid Australia assessing the progress made by chocolate companies and certification organizations in tackling child labor in Côte d’Ivoire and Ghana.
Global confectionery sector to grow CAGR 4.6% from 2016–2021
An improving global economy, stronger than expected economy in developed countries and rising disposable incomes in developing countries are the main reasons why demand is growing for confectionery products, according to Global Data.
Ferrero has won a court case against Belgian retailer Delhaize for claiming its palm oil-free, Nutella-style spread is healthier and better for the environment than a product with palm oil.
Being a big candy brand does not necessarily help win the Most Innovative Award at the Sweets and Snacks Expo, the National Confectioners Association (NCA) says.
The National Confectionery Association (NCA) has announced the Most Innovative Award winners from nine major candy and snack categories, including chocolate, seasonal, gum and mints, at the Sweets & Snacks Expo this year in Chicago.
A spate of recent reports have accused a top member of Scotland’s food standards agency of bias after revealing her financial ties to a major chocolate firm - is the junk food industry meddling with objective scientific research?
Chocolate spreads and jams contain huge amounts of sugar, with two slices of bread containing the entire maximum daily intake - but some experts have questioned whether the quantities eaten are large enough to contribute to obesity
Ferrero is to acquire all the equity of Fannie May Confections brands, including its subsidiaries Fannie May Confections and Harry London Candies from 1-800-Flowers.com for $115m.
FoodNavigator approached industry and campaigners for their reflections on the Roundtable for Sustainable Palm Oil (RSPO)'s 2016 Impact Report. What are the challenges and opportunities in the next 12 months?
Chinese police recently seized 300,000 counterfeit chocolate pieces during the 2017 Lunar New Year worth around 700 RMB ($102) per box, after a wedding candy store owner received complaints from local consumers.
