Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’
Barry Callebaut has added a new caramel chocolate, Gold, to its premium Belgian chocolate portfolio, which currently includes dark, milk and white chocolate.
Cocoa Life will start preventing child labor from Mondelēz’s cocoa farms in Côte d'Ivoire through its Child Labor Monitoring & Remediation Systems (CLMRS), after the program reached more farmers in 2017.
Barry Callebaut has posted a 37.5% net profit growth to CHF 173m ($181m) during the first half of fiscal year 2017/18 (six months up to February 28, 2018).
Hershey will release its first edible glitter-sprinkled gum in the US under its Ice Breakers brand starting April 15, 2018, as it believes the sparkle trend will sweep the food industry in 2018.
Nutella maker Ferrero has completed the acquisition of Nestlé’s US confectionery business, including more than 20 of its brands such as Butterfinger, BabyRuth, Crunch, and SweeTarts.
Plenish Nut milk brand has partnered with artist Steve Casino to give its organic nuts a Royal makeover to mark the wedding of Prince Harry and Meghan Markle on May 19.
