The Hershey Company has announced improved sales and gross profit in its fourth quarter (Q4) and end of year results as sales in emerging markets soared.
Wisconsin-based colors, flavors and fragrances giant Sensient Technologies has signaled its ambitions in the fast-growing Brazilian food market with the opening of a new color and flavor complex in Jundiaí, Sao Paulo.
Kraft Foods has said it will cut about 1,600 jobs from its US and Canadian workforce over the next 12 months, as it prepares to split into two separate companies.
Swiss chocolatier Lindt has recorded sales below market expectations and could be subject to a takeover from Nestle, according to an analyst from Kepler Capital Markets.
A Cadbury production site in the UK that was controversially closed following Kraft’s 2010 takeover has been sold to a developer, according to reports.
Cadbury UK has announced that it will introduce shelf ready packaging to make its chocolate bars stand upright in stores to better attract customers’ attention in a £6m (€7.2m) scheme.
A US Federal judge has accepted Cadbury’s $1.3m (€995,863) offer to settle in class action lawsuit over its alleged part in a suspected chocolate price fixing scandal also involving Nestle, Hershey and Mars.
Swedish confectioners Cloetta and Leaf have sealed a €753m merger making it the largest confectionery company in Scandinavia, according to an analyst from Euromonitor.
Scottish-based Nisha Enterprises has acquired Millar Confectionery for an undisclosed fee and plans to open a new sweet factory in Livingston, Scotland.
The vast majority of Kraft Foods’ carbon emissions come from outside its manufacturing facilities, according to a survey mapping its environmental footprint, but the full picture may look quite different as full results are withheld.
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.
Spanish chocolate confectionery market leader Nestle has invested €10m on a new production line its factory in La Penilla de Cayon to drive growth in the Mediterranean.
Unite the Union has slammed Kraft ceo Irene Rosenfeld for failing to appear before a parliamentary select committee and accused her of “massive arrogance” and “a total disregard” for her former Cadbury staff.
Swedish ingredients firm AarhusKarlshamn (AAK) has announced improved sales and operating profit in its third quarter (Q3) results partly due to increased volumes from its acquisition of North American speciality fats business Golden Foods.
Ferrero has announced plans to build a new factory in Turkey in the province of Manisa to leverage its position in a confectionery market that has grown 120% since 2004, according to figures from Mintel.
The king-size candy bar has emerged as the fastest growing pack type in convenience stores this year and was a key driver of sales for Hershey in the third quarter, bosses have revealed.
Gum titans Wrigley and Kraft Foods plan to introduce smaller five-piece chewing gum packs at reduced rates to boost US sales and reflect consumer spending trends.
Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.
Nordic confectioner Cloetta has seen a slight improvement in profits compared to the same quarter last year driven by travel trade sales in Sweden, Norway and Finland.
Bulgaria's leading home-grown confectionery maker, Pobeda, has completed the installation of two new production lines that will boost its output by a third, the company said this week.
More functional foods capitalizing on the health benefits of cocoa should hit shelves next year as confectionery giant Hershey seeks to gain a stronger foothold in the health and wellness market via its new Apure subsidiary.
The Ferrero Group and The Hershey Company have announced a partnership under which they will share North American supply chain processes in order to reduce costs and carbon emissions.
Welsh premium chocolate factory Pemberton’s has had a reprieve from closure, after two potential buyers have expressed interest in acquiring the business.
Nestlé’s scheme to expand operations at its Product Technology Centre in York cleared the final hurdle last week at a planning meeting of City of York Council.
Scottish brands Highland Toffee and Wham Bars are among the familiar names under threat as the company that owns them goes into administration for the third time in six years.
New rules for takeover deals are designed to put an end to the kind of prolonged, acrimonious struggle that preceded Kraft’s acquisition of Cadbury in 2010.
Nestlé will start a multi-million pound investment in its global confectionery research centre in York if, as expected, it receives planning approval at a city council meeting this Thursday, September 22.
Belgian chocolate firm Cavalier has confirmed that it is planning to launch the UK's first chocolate range containing stevia from January next year, while other launches across the EU will also follow initial listings in Belgium from November.
In an attempt to rebrand its pitch to Indian customers who are yet to transition towards healthier food products, Nestle India Ltd has phased out its existing probiotic dahi (curd) product in India for a new brand.
Kraft has confirmed that it has chosen Cadbury’s site in Bournville as the site of a new chocolate centre to “drive new product development and new technologies” for chocolate brands.
