Cadbury Schweppes has announced it plans to sell its European
beverages arm for £1.2bn to a private equity consortium led by Lion
Capital and Blackstone.
Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
Food giant Kraft, which saw earnings drop 13.5 percent in third
quarter earnings yesterday, moved a step closer to being spun off
from parent Altria after a $280 billion government lawsuit against
the tobacco industry fell through.
On the back of growing consumer interest in healthy eating, leading
US food maker Kraft Foods is focusing on its increasingly
successful health and wellness segment, announcing plans to further
limit products advertised to children...
After months of secrecy and whisperings, Cadbury Schweppes has
finally confirmed that it is looking to dump its European soft
drinks arm for a greater focus on confectionery.
Cadbury Schweppes still looks likely to ditch its European soft
drinks arm for the right price, yet it is difficult to find a buyer
for a stumbling business with little growth prospects.
Wrigley will be expanding its Chattanooga factory to accommodate
the production of Altoid mints, which will be transferred to the US
from Wales, the leading confectionery company announced on Monday.
British confectionery and soft drinks giant Cadbury Schweppes may
be turning its focus to the confectionery market, if recent
speculation on a decision to sell its European soft drinks business
is fulfilled.
British confectionery and soft drinks company Cadbury Schweppes
yesterday revelled in its best performance for a decade, with
half-year results flattered by a trade buy-up of extra stocks of
chocolate in the UK, reports Lorraine Heller.
Cadbury-Schweppes looks set to try and sell its European soft
drinks arm, again, but whoever buys it may have a tough time
improving the division's rather average performances, reports
Chris Mercer.
Confectionery makers continue to tap into consumer weight and
health concerns in a bid to boost stagnant sales as UK confectioner
Cadbury launches a new range of chocolate bars with under 99
calories.
British confectioner Cadbury Schweppes confirmed today that it
remains on track to meet its annual financial targets, although
warned of tough trading conditions in the second half, Tom
Armitage reports.
British confectioner Cadbury is to enter the flourishing organic
chocolate sector for the first time, after acquiring Green and
Black's - the company behind the UK's fastest growing confectionery
brand, Tom Armitage reports.
Cadbury Schweppes, the world's number two confectionery
manufacturer, is to revamp its famous Bournville chocolate-making
facility, as demand for its Dairy Milk brand continues to soar,
Tom Armitage reports.
A Cadbury Trebor Bassett division in the UK has installed a package
coding management system (PCMS) to accurately control pack coding
at two production sites.
British confectionery and soft drinks group Cadbury Schweppes is
back on the path to growth after the acquisition of confectionery
group Adams and a complete overhaul of its US beverage business.
Cost reductions, investment in confectionery...
Increasing investment in new product development is expected to
help British confectionery and soft drinks producer Cadbury
Schweppes to achieve its ambitious targets for long-term growth,
according to analysts Goldman Sachs. And...
Rumours that Kraft Foods was mulling the sale of its sugar
confectionery business have been circulating for a month or so, and
were this week proved to be correct when gum maker Wrigley
confirmed that it would be buying the Altoids,...
Kraft Foods, the biggest packaged foods producer in North America,
is thought to be mulling the sale of its confectionery business,
including the Altoids and Life Savers brands, as part of a move to
focus on a smaller number of stronger...
Cadbury Schweppes is well on the way to delivering growth at its
European confectionery unit, despite an increasingly gloomy outlook
for the packaged food sector as a whole, according to investment
bank Goldman Sachs.
Increasingly health conscious US consumers chose to bypass the
snack packs of food giant Kraft in the second quarter, a trend
which weighed heavily on profits at the country's biggest food
maker. But a major marketing push highlighting...
Kraft Foods claims to be making significant progress towards its
goal of achieving sustainable growth, but figures suggest that the
company is still reeling from changing consumer consumption trends
and commodity price hikes. Cutbacks...
Kraft Foods has selected Rockwell Automation's Power & Energy
Management Solutions (PEMS) team to develop and execute a sustained
energy reduction initiative across all its manufacturing facilities
in North America.
Cadbury Schweppes has said that it is cautiously optimistic about
the coming financial year, having today trading updates ahead of
its interim and preliminary results. The company said that its US
division had particularly shown a...
Cadbury Adams has signed a 16-year lease for a new science and
technology centre that will be built in Hanover Township, in the
state of New Jersey, US for confectionery innovation.
Malaysian palm oil producers are anticipating a big step up in
demand after US food giant Kraft confirmed that it had plans to use
more palm oil in processed foods for the US market.
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
Kraft Foods says it is preparing to launch the international
chocolate brand Milka in Russia in an attempt to further increase
its slice of the confectionery market there.
Despite a significant increase in sales leading global
confectionery company Cadbury Schweppes has reported a 33 per cent
drop in its net income, largely on the back of restructuring costs
and tough market conditions.
Kraft Foods has said that it will close down its only production
facility in Hungary and move production elsewhere. The company has
hinted that production of confectionery and coffee could shift to
Slovakia and Austria.
Confectionery giant Cadbury Schweppes has announced plans to
increase the efficiency and productivity of its Trebor Bassett
manufacturing sites in Bournville and Somerdale, UK. The company
has warned that as part of this programme,...
Spinning off the US soft drinks business could bring substantial
gains to Cadbury Schweppes, but any demerger is unlikely to take
place until at least 2006, claim analysts Goldman Sachs.
Cadbury's India has announced that it is to change the packaging
for its Dary Milk chocolate bar following last month's revelation
that a batch had been infested with insects.
The cost of restructuring its business has forced Cadbury Schweppes
to introduce a major cost cutting programme which should see the
loss of around 5,500 jobs.
Cadbury's rapid expansion over the last few years has boosted sales
in the first half of the year, but the increasing cost of
restructuring its business took a hefty toll on profits.
Tough trading conditions and the impact of several significant
acquisitions continue to take their toll on results at UK-based
confectionery and beverage group Cadbury Schweppes.
Cadbury Schweppes has hit out at critics of its Get Active
programme. But, market analysts Datamonitor ask, is this agressive
tactic the right way to head off criticism of the scheme?
The agressive expansion of Cadbury Schweppes - whose acquisition of
Adams should be completed soon - has paid off, with solid sales
increases for 2002.
Cadbury Schweppes has had a busy week. While yesterday's
acquisition of the US confectionery group Adams was undoubtedly the
most important in the company's recent history, Cadbury has also
revealed that it is planning a...
Cadbury Schweppes has allegedly fought off rival bids from Nestle
and Kraft to buy the Adams sugar confectionery group, making it the
world's biggest player. But there are still question marks over
whether Adams was the right...
UK confectionery and soft drinks group Cadbury Schweppes saw a
steady year-to-date performance in 2002. British and Irish
confectionery operations continue to perform strongly with
increased sales forecast to drive a double-digit...
