The US chocolate giant says it is on track to deliver its first ever $600m seasonal sales thanks to its strong sales performance leading up to Halloween.
Hershey has recently released several key strategies it has been implementing to attract more online shoppers as it expects e-commerce penetration for US FMCG to reach mid-single digits in the next five years – more in line with Europe, which is currently...
Mars Wrigley and Hershey have launched new US candy lineups for Halloween this year, most of which are innovated around their core brands including M&M’s, Reese’s and KitKat.
Hershey’s chief financial officer Patricia Little has decided to retire in the spring of 2019 after working for the chocolate maker for nearly four years.
China has announced tariffs on approximately $60bn worth of US goods as a retaliation after the Trump administration slapped 25% tariffs on $200bn Chinese products earlier this year.
Hershey has posted a net sales increase of 5.3% in Q2, reaching $1.75bn, after it recently divested Tyrrells potato chips and Golden Monkey candy brand in China.
Hershey has sold Golden Monkey to Henan Yuxiang Food Technology Company (河南御翔食品科技有限公司) four years after it acquired the Shanghai-based confectionery brand for $577m.
The International Cocoa Initiative (ICI) has identified 14,986 child labor cases on the cocoa farms in Côte d’Ivoire and Ghana since 2012, but warned the reality could be a lot worse.
