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.
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.
Nestlé is currently auctioning off its US candy business mostly to private equity firms, and major confectioners, including Hershey, Mars, Mondelēz and Tootsie Roll, a source familiar with the matter says.
From initiating portion control advice on biscuits, alternative green packaging for Nestlé Waters and promoting Nespresso’s sustainability efforts - HENRi@Nestlé celebrates its one-year anniversary this month.
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.
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.
Pressure group Action on Sugar is urging the UK government to expand a sugar tax on soft drinks to chocolate and sweet confectionery – a move seen as “punitive” and "discriminatory” by industry bodies.
Today the European Parliament voted to implement tough new palm oil resolutions, which if enforced would see its elimination from use in biofuels and enforce stricter regulations on production and certification throughout the continent.