Big Brands

Iconic brands including Ferrero Rocher, achieved net sales growth. PIC: CN

Financial results

Ferrero’s turnover up 10%, annual results reveal

By Anthony Myers

Ferrero International has posted a €14 billion turnover ($14.92bn), up 10.4% over the previous year (€12.7 billion), according to the Group’s fiscal year 2021-2022 results.

Michele Buck, The Hershey Company Chairman and CEO. Pic: Hershey Co

Financial results

Strong Fourth Quarter sets up Hershey for 2023 sales growth

By Anthony Myers

Hershey Co has exceeded analysts' estimates on full-year net sales and profit after a strong ending to the fourth quarter with consolidated net sales of $2,652.3 million, an increase of 14.0%.

Pic: Lindt & Spruengli

Financial results

US subsidies help boost organic sales for Lindt

By Anthony Myers

Strong international sales, particularly in the North American market, helped organic sales grow by 8.4% in 2022, according to the latest financial results released by Lindt & Spruengli.

Trident is one of the brands being sold by Mondelēz to Perfetti Van Melle. Pic: Mondelēz

Analyst reaction to transaction

Mondelēz sells part of gum business to rival Perfetti Van Melle for $1.3bn

By Anthony Myers

Mondelēz International has announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Italian-Dutch company, and European rival, Perfetti Van Melle Group for $1.350bn.

Decorating the Christmas tree is popular in Utah (82%), New York (79%) and Vermont (79%), according to a Hershey survey. Pic: GettyImages

Seasonal

Hershey covers all candy bases with Christmas heat map for consumers

By Anthony Myers

American candy lovers can now discover what Christmas tradition is most popular in their state with Hershey’s holiday tradition heat map and then use the candy pairing guide to make sure they’re stocking up on the right iconic sweets to help make holiday...