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.
