Kraft reports mixed third quarter results
Kraft today reported its third quarter net revenue growth at a
modest 2.3 per cent, with ongoing streamlining costs impacting
Hershey enters organic chocolate market
US confectionery company Hershey has extended its foothold in the
premium chocolate sector with the purchase of Dagoba organic
Nestlé enjoys strong organic growth
Nestlé today said sales are up 9.1 per cent to CHF72.2bn (€45.4bn)
in the first eight months of this year compared to the same period
Cadbury brand targets convenience trend
UK snack maker Kitchen Range Foods has launched a new range of
individually packaged chocolate doughnuts, created using the iconic
Cadbury confectionery brand.
Nestlé France outsources transport logistics
Nestlé France has outsourced its supply chain transport to Geodis
for the next three years,under a contract that guarantees the
Switzerland-based agrifood giant guaranteed performancetargets.
Nestlé shifts Smarties production
Major restructuring for Swiss based confectionery company Nestlé
has cost 645 jobs in England as the company prepares to move
production of some of its core brands.
Hershey cashing in on cacao
US based confectionery maker Hershey has launched a new range of
chocolate, designed to offer consumers a more upmarket version of
the traditional indulgence.
Cadbury board welcomes new addition
US based confectionery company Cadbury Schweppes has announced the
appointment of a new non-executive director.
ASDA bid for 'chav' candy
There have been a number of developments in the confectionery
industry in the last week, not least of which is the news that UK
retailer ASDA is attempting to blend popular culture with novelty
Sweet profits for Nestlé despite rising costs
European confectionery giant Nestle has overcome rising energy
costs to report strong profits in the company's first half results
announced today, but admits there remains room for improvement in
Cadbury updates old favourites
Undeterred by this week's news that the recent UK salmonella scare
could cost the company £20m (€29.3m), Cadbury Schweppes has
announced the addition of three new chocolate products to the
market.Cadbury Flake Dark, Dairy Milk...
Cadbury invests in R&D to grow Asia sales
Global confectionery maker Cadbury Schweppes has opened its first
R&D centre in south-east Asia, as it seeks to drive growth in
emerging markets like China, Malaysia, Thailand and Indonesia.
Cadbury contamination proves costly
A UK product recall due to Salmonella contamination could cost £20m
(€29.3m) and perhaps more, Cadbury Schweppes said yesterday.
Lotte confectionery buys up Chinese chocolate maker
South Korea's leading confectionery maker Lotte has bought a
Shanghai-based chocolate company, as it seeks to expand in the
fast-growing Chinese market.
Wrigley reports rising gum sales
The world's largest chewing gum producer, the Wm Wrigley Jr
Company, has announced record sales in the first quarter, boosted
by new product launches and an increased worldwide presence.
Cadbury enters Vietnam with new Kinh Do partnership
Cadbury Schweppes, the world's biggest confectionery maker, signed
an agreement yesterday with Vietnam's leading food maker Kinh Do,
giving it access to the company's extensive distribution network.
Hershey enjoys profit surge
Global confectionery giant, Hershey, has announced encouraging
sales and rising profits - thanks to a strong focus on product
innovation and seasonal marketing in the last year.
Hershey unveils new high profile appointments
US confectionery giant Hershey has unveiled a number of new high
profile appointments this month.
Cadbury tries to clean up its act
Cadbury Schweppes has been forced to improve cleaning processes at
its Herefordshire factory after last month's recall of
Confirmed: Kraft buys Spanish UB unit
Leading food manufacturer Kraft has paid £575m (€829.6m) for United
Biscuit's southern European snack business. The deal was signed off
over the weekend, said British daily The Financial Times.
Cadbury blasted for incorrect safety procedures
Cadbury Schweppes has come under renewed criticism following a
regulatory finding that it did not adhere to EU safety measures at
its Herefordshire plant, where salmonella was discovered earlier
Chocolate has a nice feeling to it - tasty, fun, luxurious and
slightly sinful. This is comfort food, accessible to all and
epitomised in the recent film, Charlie and the Chocolate Factory.
Cadbury under pressure from authorities
Cadbury Schweppes has come under fire from UK food watchdogs after
it failed to report finding traces of a rare strain of salmonella
in its products.
Nestlé confident that food prices will stabilise
Nestle doesn't expect raw material prices to rise further this
year, despite a recent FAO report that forecasts an increase of
over 2 per cent in the world food import bill in 2006.
Cadbury to miss targets for 2006
Cadbury Schweppes says that it is unlikely to be able to deliver
margin growth within the company's goal ranges for 2006, though US
gum sales have been strong.
Cadbury acquires South African gum business
Cadbury Schweppes has completed the acquisition of South Africa's
leading chewing gum business from Botswana-based Dan Products.
Nestlé to buy Australia's Uncle Tobys cereals, snack business
Nestle, the world's biggest foodmaker, has agreed to buy the Uncle
Tobys cereal, soups and nutritious snacks brand from Burns Philp
for A$890 million (€523.2m) to expand its range of healthier foods
Kraft Australia to cut more than 300 jobs
Kraft Foods will axe 325 jobs at two of its Australian
manufacturing sites under a two-year plan to reduce costs, it
revealed on Wednesday.
Nestlé expands nutritious snack business
Nestlé is to strengthen its presence in the Australian nutritious
snack market through the acquisition of the nation's Uncle Tobys
Wrigley declares new share dividend
The board of directors at Wrigley has declared a regular dividend
of $0.256 on each share of common stock and each share of class B
common stock for the three-month period beginning 1 August 2006.
Hershey looks to tap healthy chocolate potential
Hershey's expansion of its health and nutrition initiative
underlines the extent to which chocolate makers are keen to tap
into consumer health concerns.
Kraft and Premier Foods eye United Biscuits
US food giant Kraft is partnering with Britain's Premier Foods to
launch a bid for United Biscuits, according to industry insiders.
Cadbury buoyed by ECJ tax ruling
The opinion of an advocate-general of the European Court of Justice
on UK anti-tax avoidance rules could benefit multinationals such as
confectioner Cadbury Schweppes.
Wrigley unwraps record first quarter sales
Wrigley has earned a first quarter record $1.08 billion on the back
of a 13 per cent sales increase and a 23 per cent increase in
Nestlé outperforms in Q1
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
Hershey suffers flat sales
Iconic chocolate and snacks brand Hershey has announced
disappointing sales figures, but posted a seven per cent rise in
quarterly profit as the company works on product innovation and
Kraft's tax rebate strengthens finances
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Cadbury sells popcorn business
Leading confectioner and drinks company Cadbury Schweppes has
announced plans to sell its UK-based popcorn and toffee divisions,
as the company sets about tweaking its extensive global portfolio.
Revised credit rating underlines Nestlé's strength
Standard & Poor's has revised its Nestle outlook from negative
to stable though it warns that its ratings could be lowered in the
Wrigley identifies key factors behind growth
Wrigley used this week's annual meeting of shareholders to
highlight the key areas that it thinks will fuel future growth.
Lindt offsets rising costs to deliver record 2005 sales
Swiss premium chocolate maker Lindt has confirmed record 2005 sales
despite Europe's sluggish chocolate market.
Nestlé anticipates improved 2006
Nestle has acknowledged its mistakes in confectionery over 2005 and
expects improved sales in 2006.
Big spending Hershey attempt to tap sugar-free gum market
Hershey, the US confectioner, is attempting to tap into the growing
sugar free market with the launch of a new gum in the shape of an
Gum and emerging markets drive Cadbury's 2005 growth
Cadbury Schweppes has exploited the continued global growth of
chewing gum and tapped into emerging new markets to report
increased sales for 2005.
Wrigley's sales break $4 billion barrier
Wrigley, the world's largest manufacturer of chewing gum, yesterday
said sales grew by 14 per cent in 2005 to $4.2 billion (€3.5bn), a
Cadbury opens $40 million gum research centre
Cadbury has opened a $40 million chewing gum research centre to
develop new products for a booming market.
Hershey's growth not without its costs
New products and seasonal success may have given Hershey increased
2005 sales, but income for the confectionery colossus remains
blighted by the cost of reorganisation.
Cost cuts to balance high input prices, Nestlé says
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
Ferrero looks for growth in North America
Italian confectionery giant Ferrero will soon open its first
manufacturing plant in the Americas.
Jelly Belly looks for growth in new markets
US confectioner Jelly Belly plans to expand its international
markets by constructing a new plant in Thailand.