Hershey non-exec chairman resigns
Non-executive chairman Kenneth Wolfe has stood down at chocolate giant Hershey following a request from the company's controlling stockholder, the Hershey Trust.
Hershey appoints new strategy and business SVP
US confectionery manufacturer Hershey has named Javier Idrovo as its new senior vice president of strategy and business development.
News briefs: Hershey’s and Mars
Hershey’s plays down allegations of inferior ingredients, while Mars continues to reformulate to enhance the health image of products.
Wrigley takeover renews pressure on Hershey
Last month's surprise takeover of gum maker Wrigley by
confectionery giant Mars has led to renewed speculation over the
future of arch rival Hershey.
News briefs: ADM, Hershey and Sweet China
In recent confectionery news, ADM reshuffles its management team,
Hershey launches a new premium line to try and boost its US market
share, and Sweet China reports a quarterly profit loss.
News briefs: Cadbury, Hershey and Swiss confectionery
The sale of Cadbury subsidiary Monkhill is finalised, a
Hershey director leaves his post, and the Swiss sweet industry
experiences stable sales at home but higher sales abroad.
Hershey raises prices three per cent
Confectionery firm Hershey today announced an average wholesale
price increase of three per cent across the US, as the company
moves to improve on the disastrous profit loss posted last week for
the fourth quarter.
Hershey profits continue to tumble
US-based Hershey yesterday posted a Q4 operating profit drop of 65
per cent, as high commodity costs, restructuring charges and
competitive US market conditions continue to dog the confectionery
News briefs: Russian nuts, gum and Hershey
Nut manufacturers no longer face Russian import duties; a new gum
product is marketed at overall mouth health; and Hershey appoints a
new executive board.
News briefs: Hershey, Wrigley and Cadbury
Hershey may remove mint packaging that looks like drug pouches;
Wrigley's credit rating is improved by analyst; and internet viewer
vote the Cadbury gorilla ad the best commercial of 2007.
News briefs: Hershey, factory fire and brain power
Hershey may be forced to withdraw mint pouches; A chocolate factory
fire kills a worker in Denmark; and yet another book promotes the
health benefits of dark chocolate.
News briefs: Zetar, Hershey and Wrigley Israel
Young confectionery company Zetar forecasts strong profits, Hershey
changes its directors and Wrigley Israel denies moving into the
Hershey's profits plummet
Hershey said yesterday that third quarter margins fell a massive 13
percentage points from the same period in 2006, as a result of
tough competition in the premium chocolate market and rising milk
News briefs: Wrigley, Hershey, China
More ConfectioneryNews.com stories, in a nutshell: Wrigley
strengthens European focus; Hershey enters credit agreement; and
further problems for Chinese products.
High dairy prices affect Hershey's earnings
High dairy prices meant Hershey's operating margins fell
to 3.1 per cent for the quarter ended 1 July, compared to 17.3
per cent for the same period in 2006.