Repositioning on a healthy food platform and investing in research
of value-added ingredients has lifted Nestle out of the reach of
raw material prices and other economic encumbrances.
Mars UK claims it is the first confectionery company to launch an
online platform which will allow members of the networking site
Facebook to buy real chocolate bars such as Twix or Galaxy.
US-based chewing gum firm Wrigley today posted full
year growth in both operating profit and margins, thanks to
international and developing market sales.
Global confectionery giant Cadbury has stepped up its
microbiological surveillance by adopting the Pathatrix pathogen
testing system, according to its creator.
Cadbury today launched a fund to aid its cocoa suppliers
in Ghana, after research suggested that average production in
the region is now 40 per cent lower than the potential yield.
UK-based confectioner Tangerine agreed Friday to purchase some of
the country's most iconic confectionery brands including Barratt
Sherbet Fountains and Butterkist popcorn from market leader Cadbury
Schweppes.
Cadbury has this week confirmed it will continue with
plans to switch some UK production to Poland, sparking accusations
that the confectioner will be adding 12 million food miles to its
brands.
Strains of probiotic bacteria can affect metabolism, says a new
study from Nestle and Imperial College London that could help the
development of new probiotic products tailored for individuals.
Swiss-based Barry Callebaut hopes to profit from China, Cadbury
denies selling its Australian beverage arm, and Rocky Mountain
focuses on franchises after poor Q3 sales.
The Trian investment group, led by Nelson Peltz, yesterday called
for Cadbury to make a raft of improvements to its operations,
threatening to take matters out of management's hands if the
requests are not met.
Swiss-based food giant Nestle today announced going into
partnership with Belgian company Pierre Marcolini, as the company
aims to move further into the premium and luxury chocolate market.
Animal rights group People for the Ethical Treatment of Animals
(PETA) is calling for a boycott of all Mars confectionery products,
after the company admitted testing flavanols, a "healthy" chocolate
ingredient, on animals.
Hershey may remove mint packaging that looks like drug pouches;
Wrigley's credit rating is improved by analyst; and internet viewer
vote the Cadbury gorilla ad the best commercial of 2007.
Cadbury today said it expects confectionery revenue growth to
exceed the 2007 four to six per cent target range, thanks
to revenues from the UK chocolate and the US gum markets.
The US hedge fund group Trian, run by active investor Nelson Peltz,
has increased its stake in Cadbury from 3.47 per cent to
approximately 4.5 per cent, the confectionery company announced
earlier today.
Cadbury's de-merger of its US beverage business should increase
margins for the confectionery business by 4.6 percentage points,
despite an initial cost of £1bn, estimates Credit Suisse.
Nestlé, Bunge, Danisco, Green Mountain Coffee Roasters, and Tyson
Foods are the first food processors to join a programme to develop
global reporting standards on sustainability projects in the
sector.
Premier Foods is resisting confectionery tax on fruit bars, Cadbury
staff vote to reject closure plans, and a New York restaurant
charges $25,000 (€17,000m) for the most expensive chocolate dessert
in the world.
Cadbury Schweppes yesterday filed regulatory documents outlining
the demerger of its Americas beverage business into a new
company, revealing the company's strategy to maintain its position
as the world's largest confectionery...
US-based confectioner Wrigley yesterday posted a 13 per cent
increase in sales for the third quarter on the back
of strong sales outside the US, increased marketing spend and
positive exchange rates.
UK union Unite yesterday announced it would ballot its members for
strike action, as Cadbury's plans to close one UK factory and
reorganise another will result in job losses.
Nestle and Dannon, two of the nation's leading food companies, have
declined to join a widespread industry move to limit advertising of
unhealthy foods to children.
The Cadbury Schweppes drive to boost margins is full steam
ahead, boosted by the demerger of an underperforming drinks
arm, as the company today announced confectionery
revenues grew by ten per cent over the third quarter.
Cadbury Schweppes today announced it will publish data on
greenhouse gas emissions from across its global supply
chain, as part of plans to reduce its carbon footprint by 50
per cent.
The third in a series of FoodNavigator-USA.com articles on the
health and wellness approach of major US companies examines
Nestlé's increasing focus on research and development as a means to
improve human nutrition.
Cadbury's planned acquisition of the Turkey-based chewing gum
manufacturer Intergum has been approved by the competition
regulator, the company said today.
Cadbury Schweppes today reported an operating profit decline
of 6 per cent to £180m in the first-half of the year,
particularly due to high input costs and restructuring costs.
Swiss based Barry Callebaut will start delivering chocolate to
Hershey in North America within the next few months, following the
completion of the partnership this week.