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.
Hershey increased the percentage of its sustainable cocoa beans to 75% and reduced its packaging waste by 18.5 million pounds, or 74%, in 2017, according the company’s latest corporate social responsibility report.
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).
Hershey is rumored to be selling Golden Monkey to China’s state-owned food processing company COFCO as early as next month, but it has declined to comment on the speculation.
Hershey’s CEO Michele Buck recently said the US snacking market, especially the categories the company participates in – confections, salty snacks and meat snacks – remain robust.
Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’
Hershey will release its first edible glitter-sprinkled gum in the US under its Ice Breakers brand starting April 15, 2018, as it believes the sparkle trend will sweep the food industry in 2018.
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.
Environmental nonprofit Mighty Earth has found large chocolate companies have made 'very strong' commitments in policy and practices to reduce deforestation on their cocoa farms in Ghana and Côte d'Ivoire but the level of engagement does...
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.
Chocolate confectionery in the US is resilient to health and wellness trends and remains attractive to investors, according to an analyst at investment group Susquehanna International Group (SIG).
A California Superior Court judge has approved a settlement resolving claims over whether certain levels of lead and cadmium in chocolate require warning labels under California’s Prop 65 law.
Hershey is interested in acquiring businesses with ‘strong revenue growth in the $100bn snack wheel,’ said Hershey’s CFO Patricia Little at the recent CAGNY conference in Florida.
Hershey has unveiled a range of confections for this year’s Valentine’s Day, which should bring in more candy sales than last year in the US, according to the National Retail Federation.
Mars plans to quit industry-funded science group, the International Life Sciences Institute (ILSI), and says it will support research regardless of results after making its science policy public.
Nine major cocoa and chocolate companies have committed $8.5m to an initiative aiming to prove a business case to improve the quality of education in Ivorian cocoa communities.
Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.
Hershey has decided not to renew its membership with the Grocery Manufacturers Association (GMA) in 2018, but it remains part of the National Confectioners Association (NCA).
Hershey’s acquisition of Amplify Snacks has made the chocolate company the second largest popcorn producer in the US market, ‘second to Frito-Lay,’ who owns Smartfood, said Euromonitor analyst Jared Koerten.
Hershey says it is not in the business of processing cocoa, contrary to a Reuters report claiming it was considering a semi-processed cocoa facility in Côte d’Ivoire.
Hershey says it is continuing to explore the possibilities of 3D chocolate printing partnering with a ‘world-renowned culinary school’ and funding two students to focus on exploring real-world applications of the technology.
Allulose-sweetened chocolate startup Allulite Nutrition debuted its products at the FNCE (Food and Nutrition Conference & Expo) show recently in Chicago, and it hopes to become a $1bn brand in the next few years for Hershey to acquire.
Hershey took the largest share of Amazon’s candy purchases in October this year compared to Mondelēz-owned Sour Patch Kids, Mars’ Skittles and Starburst, and Perfetti Van Melle’s Airheads, according to a new report from Edison Trends.
Hershey’s CEO Michele Buck recently said the company is ‘very open to mergers and acquisitions,’ and sees them playing ‘a key role’ in Hershey’s growth agenda.
Hershey is to launch peanut and pretzel flavored Hershey's Gold – the first permanent flavor variant for its namesake brand since Cookies ‘n Creme in 1995.
‘Clear business case’ to invest in women in cocoa: WINCC
Female cocoa farmers are key to accelerating cocoa sustainability, but lack the access to finance and land rights that men have, says a new network for women in the cocoa supply chain, which includes Hershey's CEO.
Hershey says launching Hershey’s Gold, a caramelized crème with peanuts and pretzels, could benefit its 2017 Halloween seasonal sales after delivering 'solid' Q3 financial results.
Hershey has unveiled a new line of confections under its various brands at the NACS Show in Chicago last week that will be on shelves later this year and early 2018.
Hershey has refused to comment on speculation it was among the US companies submitting an initial bid on Nestlé’s US chocolate and candy business last week.
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.
Packaged Facts predicts major candy makers’ efforts to satisfy clean-snacking consumers will help the US confectionery market rebound after slightly sluggish sales in 2016.
Hershey's majority shareholder The Hershey Trust has cut its majority stake by 6% from $8bn to $7.5bn, but its voting interest is largely unchanged and analysts don't expect further divestment.
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.
