Cargill-owned Aalst Chocolate is putting “substantial investment” into insights-driven R&D, customised products, and strengthening of its bean-to-bar supply chain to push growth in Asia and beyond.
The co-founders of Hotel Chocolat, Angus Thirlwell and Peter Harris, will receive £144m ($180m) each after agreeing to sell the UK luxury chocolate business to Mars, which has agreed to pay £534m for the high-end chocolatier.
Mars has bought ailing UK business Hotel Chocolat for approximately £534 million ($662.25 million) in a deal announced to the London stock market this morning.
Snacking giant Mondelez has highlighted continued strong demand for its snack brands such as Oreo and Cadbury in emerging markets as key to its Q3 profitability, playing down threats from cheaper supermarket private label products.
As if the news that Nestlé is discontinuing the decades-old favourite Caramac bar had left a bad taste in the mouth for some, UK consumers have been equally left devastated by the announcement from Mars that it is ending production of the Milkyway Crispy...
Ferrero Group considers itself well prepared for the EU Deforestation Regulation, which will apply to its palm oil and cocoa supply chains. But potential challenges and unintended consequences could threaten its effectiveness, suggests Francesco Tramontin,...
Luxury UK chocolatier and cacao grower Hotel Chocolat has launched two new chocolate bars, pledging 100% of the bar sales to fund a ‘better way for cacao farming’, as part of the brand’s drive for positive change for nature and farming families.
Barry Callebaut’s new CEO Peter Feld outlined his strategic vision for the world’s largest chocolate and cocoa supplier after shares in the Group have fallen 22% in the past 12 months.
As ISM Middle East prepares to open the MENA region's premier trade fair for confectionery and snacks at the Dubai World Trade Centre (DWTC) from 7 to 9 November, organisers Koelnmesse has announced it will be moving its usual November date to September...
Higher prices to combat slower demand pushed Hershey’s shares up approximately 3% on Wall Street before trading opened on Thursday (26) as the market reacted to higher-than-expected quarterly sales and profit in its third-quarter 2023 Financial Results.
The International Chocolate and Cocoa Festival, which has been established in Brazil for more than 30 years, returns to Portugal for its second European edition, with a main theme of exploring the concept of terroir.
After an absence of two years because of the pandemic, Japan’s master chocolatiers are set to return to Paris for this year’s Salon du Chocolat as part of a full international delegation that includes 25 countries when it opens at the Porte de Versailles...
Belcolade, the Puratos-owned Belgian Chocolate brand, has opened a new carbon-neutral chocolate factory, running on 100% renewable electricity, sourcing 90% of its water from collected rainwater, and using five times less energy in heat production.
With 95% of exported beans classed as ‘fine flavour cacao’, Colombia's reputation in the world of chocolate is unparalleled, and after a successful showing at Seattle’s NorthWest Chocolate Festival by a quartet of artisanal companies, the word is...
To mark World Cocoa & Chocolate Day (which took place on 1 October) Magnum ice cream has released more details on its female empowerment programme, upscaling the work to reach thousands of additional women throughout cocoa communities in the West...
Mondelēz International has announced it has completed the sale of its developed-market gum business in the United States, Canada and Europe, excluding Portugal, to Perfetti Van Melle Group.
Sugar has emerged as public enemy No. 1 among consumers and FDA is looking for sugar reduction strategies at the behest of the White House – and yet, most Americans still want moments of indulgence with many people justifying them as much-needed support...
The Mexican bakery giant has opened applications for the second round of its Bimbo Open Door Platform, designed to leverage the creativity of startups to boost its presence and competition within the global biscuit and energy bar sectors.
Mars Incorporated, owners of the popular Galaxy bar in the UK, has admitted to reducing its size while raising the price of a bar - in another example of so called ‘shrinkflation’.
The world’s largest baking company has racked up yet another accolade on the coveted list: as the best Mexican company in the world; in fourth spot within the global F&B category; and 113 overall out of the 750 companies analysed.
Recognition of its B2B division reaffirms Grupo Nutresa's commitment to globalisation and the purpose of brands such as Cordillera in developing businesses with a sustainable vision.
Thailand-based Bangkok Cookies is planning to expand its presence into more export markets as well as eyeing plans for local supermarket retail after having achieved resounding success as a souvenir product in the travel retail scene.
Nestlé has announced an agreement with Advent International to acquire a majority stake in Grupo CRM, which owns more than 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands across the county, along with a strong and growing online...
In the first major announcement since Peter Feld took over the reins as chief executive officer from Peter Boone in April, the Group said it is to invest CHF 500 million ($563 million) over the next two years in core customer areas and in efficiency measures...
1-800-FLOWERS.COM operate a unique and versatile business model, based on three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet offering customers fresh-cut flowers, floral arrangements, fruit baskets, personalized...
The Swiss-Ghanaian start-up Koa, whose aim is to transform the cocoa industry by upcycling parts of the cocoa fruit that are usually overlooked, has inaugurated Africa's largest cocoa fruit factory.
The rebranding includes a stylish new logo and strapline - ‘The Modern Chocolatier’ - and the business has also embraced a brighter, bolder colour palette across the range while maintaining its signature gold foiling detail.
German confectionery brand Katjes has announced it has acquired a 50% stake in Schoko Winterscheidt GmbH, owners of Jokolade, with the aim of positioning itself more prominently in the chocolate category.
Hostess Brands Inc is purportedly exploring a sale after fielding takeover interest from major snack producers, including PepsiCo, Mondelez, General Mills and Hershey.
J.K. Rowling’s beloved series branched out into movies, theme park rides, retail and virtual reality experience for a value of $15 billion—and now is expanding its foothold in confections by adding limited edition Harry Potter-themed Hershey's Milk...
Bitzel’s Chocolate says it is offering a ‘Willy Wonka-Style Experience’ at its new 7,000-square-foot, state-of-the-art facility, when it opens its doors in Suwanee, Georgia, USA, in the autumn.
Sustainable chocolate brand MIA, short for made in Africa, says its new Ghana Gold bars have been recognised with two Great Taste Awards, one of the world's largest and most trusted food and drink accreditation schemes.
The Swiss company said it is tripling the amount invested in the last four years in its chocolate and biscuit operations in Brazil to 2.7bn reais ($550.8 million) for the next three years.
After 40 years, Siân Holt, the founder of Fudge Kitchen is leaving the company and stepping down from her role as Managing Director due to a sudden illness, the company has announced.
Premium chocolate brand, Lindt has introduced a new Choco Wafer into its UK outlets that after it was recently awarded a ‘superstar’ rating from market researcher, Nielsen Bases.
Confectionery giant Ferrero has released its latest annual Cocoa Charter Progress Report, claiming ‘significant progress in the company’s efforts to ‘source cocoa responsibly.’
Nestlé, the owners of the KitKat brand, has launched a new campaign, ‘Tech Frustrations’, that channels the winning ‘Have a Break’ advertising formula that made the brand so iconic.
The Serious Sweets Company (SSC) has acquired the share capital and branded interests of gluten-free sweet treats maker Nom Bites and the marshmallow brand Lexi’s for an undisclosed sum.
Mondelēz International is the latest chocolate maker to raise its full-year growth forecasts in its Q2 results following on from Hershey and Nestle last week, leveraging strong demand to hike prices and shield their margins from higher cocoa and raw material...
Thailand’s Boonprasert Confectionery is evolving its innovation strategy to focus on the development of novel formats and functional offerings to meet changing consumer needs in and out of its home market.
Nestle Malaysia says extensive format and flavour innovations in its product development have helped d drive healthy Q2FY2023 business growth, giving the firm renewed confidence in its ability to secure a profitable rest of the year.
The Hershey Company has announced an increase of 5.0% in consolidated net sales and an organic, constant currency net sales also of 5.0%. In its Second-Quarter 2023 Financial Results, it also updated its full-year reported earnings outlook to reflect...
Nestlé has reported better-than-expected first-half organic sales in its half-year results for 2023 and said it improved its full-year organic sales outlook after raising prices to cope with higher production costs.
Luxury Swiss chocolate maker Lindt & Spruengli has posted stronger-than-expected operating profits in the first half of 2023 and raised its full-year outlook, after hiking up prices for its chocolate easter bunnies and pralines.
The Dutch impact company with a mission to make chocolate 100% ‘slave free’ has launched a munchable snack range that it claims ends exploitation in chocolate by ensuring cocoa farmers are paid fairly.