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.
Hershey has decided to update its nutrition facts panel across its portfolio this fall, starting with some of the power brands including Hershey’s Kisses Milk Chocolate.
Hershey plans to convert all individually wrapped chocolate from laydown bags to standup pouches in the near future as the company targets center store sales.
Nestlé could go further than offloading its struggling US confectionery business and could find a willing buyer for its entire global confectionery division, says an analyst.
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.
CEO and founder, Jon Sebastiani, has set out a growth strategy for his marshmallow brand as its business has tripled month over month since launching seven months ago.
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.
Mintel has revealed India is “defying the odds” as one of the world’s fastest growing chocolate confectionery markets, while the global market posts slow growth in recent years.
Hershey has included in its five-year plan a goal that 50% of its total offering of individually wrapped standard- and king-size confectionery products will be 200 calories or less.
US shoppers may have found it more difficult to locate Peeps and Jelly Belly this past Easter at Walmart’s candy aisle compared to Cadbury, Dove, Hershey and M&M’s, says Quri.
US chocolate maker Hershey has launched Sourcemap for consumers to explore the origins of its agricultural ingredients, such as cocoa beans, sunflower oil and vanilla.
Sugar and calorie reduction has taken its toll on the chocolate category, but focusing on quality ingredients can foster growth, suggests a Euromonitor analyst.
AAK has opened an innovation center in Edison, New Jersey, during which it highlighted some of the most up-to-date product making technologies to partners, including Hershey, Mondelēz and Barry Callebaut.
Hershey has launched a string of Valentine’s Day products this year under its core brands across the US, including KitKat, Reese’s, and Cadbury, as IRI estimates the season generated nearly $2.8bn worth of candy sales in 2015.
Reese’s and Cookie Layer Crunch will be major investment focuses when Hershey’s next CEO Michele Buck takes office in March, 2017, according to the company’s Q4 earnings conference call.
The Hershey Lab has envisioned a “reinvented” shopping experience with a fictitious grocery chain, called Medley, as the line between digital and physical shopping is blurring.
The US unit of cocoa trading and supplying company Transmar Group has filed for bankruptcy protection in the US Bankruptcy Court for the Southern District of New York after the parent company experienced insolvency in Europe.
Cocoa industry insider, Marc Donaldson, voiced that approximately $2bn investment in cocoa sustainability over the past 10 years has achieved “so little.” He suggested consumers should take the sustainability issue on themselves instead of pushing the...
Cutting GMOs in confectionery is relatively simple, but finding replacements for ingredients that aren’t well understood by consumers is the real challenge, says Hershey’s chief chocolatier.
Hershey will close its Hershey’s Chocolate World in Chicago's Michigan Avenue by January 2017 as it plans to focus on larger experiential retail stores.
Ferrera Candy's private equity owner has refused to comment on speculation that ex-Hershey CEO David West is trying to buy the company through an investment firm.
Seasonal confectionery c-store distribution is underdeveloped compared to other channels, despite the fact that the household purchase of seasonal confectionery is increasing,
Hershey has posted a 2% rise in third quarter sales, driven by innovations in North America, such as Reese’s Pieces Cups, Big Kat and birthday-themed Kisses.
Oreo maker, Mondelēz, reported a 6.6% decrease in net revenues during its Q3 period, driven by “currency headwinds and deconsolidation of the company’s Venezuelan operations.”
Brexit is unlikely to have a dramatic effect on confectionery sales, with the quarterly update showing a 2% reduction in volume sales by 2020, according to Euromonitor.
The Hershey Company has announced John P. Bilbrey will retire from his role as CEO and president, but he will continue as non-executive chairman of the Board.
