Dairy products remain an important growth driver for Swiss food and
beverages group Nestlé, despite the disposal of a number of assets
and poor weather conditions which affected sales during the first
half. But organic growth was...
Nestlé, the largest food and beverage company in the world, has
selected the Quadrem eMarketplace as the partner for its global
eRequisitioning programme, part of an enterprise-wide initiative
Nestle is implementing to standardise...
Increasingly health conscious US consumers chose to bypass the
snack packs of food giant Kraft in the second quarter, a trend
which weighed heavily on profits at the country's biggest food
maker. But a major marketing push highlighting...
Kraft Foods claims to be making significant progress towards its
goal of achieving sustainable growth, but figures suggest that the
company is still reeling from changing consumer consumption trends
and commodity price hikes. Cutbacks...
Kraft Foods has selected Rockwell Automation's Power & Energy
Management Solutions (PEMS) team to develop and execute a sustained
energy reduction initiative across all its manufacturing facilities
in North America.
Cadbury Schweppes has said that it is cautiously optimistic about
the coming financial year, having today trading updates ahead of
its interim and preliminary results. The company said that its US
division had particularly shown a...
Nestlé saw a decrease in revenue and profits in 2003, but the
company has managed to stay within its targets for organic growth
and claims that it is "cautiously optimistic" for 2004.
Having recently announced a large-scale withdrawal from the
Hungarian market, Kraft Foods has reaffirmed its commitment to the
Romanian market, by confirming a series of future investments in
its division there.
Kraft Foods says it is preparing to launch the international
chocolate brand Milka in Russia in an attempt to further increase
its slice of the confectionery market there.
Despite a significant increase in sales leading global
confectionery company Cadbury Schweppes has reported a 33 per cent
drop in its net income, largely on the back of restructuring costs
and tough market conditions.
Kraft Foods has said that it will close down its only production
facility in Hungary and move production elsewhere. The company has
hinted that production of confectionery and coffee could shift to
Slovakia and Austria.
Confectionery giant Cadbury Schweppes has announced plans to
increase the efficiency and productivity of its Trebor Bassett
manufacturing sites in Bournville and Somerdale, UK. The company
has warned that as part of this programme,...
The cost of restructuring its business has forced Cadbury Schweppes
to introduce a major cost cutting programme which should see the
loss of around 5,500 jobs.
Wrigley cannot register its Doublemint brand as a trademark with
the EU because it is a descriptive name - a rulings made by the
European courts yesterday.
The CEO of Wrigely has announced that the global confectionery
company is aiming to further grow its company in the year ahead
with a range of innovative new gum-based products.
Wrigley has announced third quarter earnings up 15 per cent,
following an impressive 12 per cent growth in its global sales,
which were further strengthened by the weakness of the US dollar.
Hershey Foods looks set to finish the year in style after
publishing some solid financial results. This represents a slight
turnaround in fortunes after disappointing results from the
beginning of the year.
US chewing gum giant Wrigley believes that it must diversify and
expand its product range to compete with the likes of Cadbury in
the European confectionery market.
Nestlé's popular confectionery brands will soon be found on a range
of cakes and muffins in most of the UK's major retail chains
following a deal aimed at lifting the Swiss group's share of UK
cake sales.
The global reach of Nestlé means that it is particularly
susceptible to currency effects, and first half sales at the
confectionery-to-mineral water group were down 6.3 per cent as a
result.
US-based confectionery giant Hershey Foods has announced a
quarterly dividend of $0.395 (€0.346) on the Common Stock, an
increase of 20.6 per cent per share.
Cadbury's rapid expansion over the last few years has boosted sales
in the first half of the year, but the increasing cost of
restructuring its business took a hefty toll on profits.
Tough trading conditions and the impact of several significant
acquisitions continue to take their toll on results at UK-based
confectionery and beverage group Cadbury Schweppes.
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period, but chocolate sales were affected by
the late Easter.
Nestlé is the most popular chocolate producer in Russia, but other
international companies still play second fiddle to the numerous
local (or even regional) producers there. But the market is set to
grow over the next five years,...
Moves by Israeli confectionery group Elite to block the entry of UK
rival Cadbury into the local market are to be investigated,
according to press reports.
Wrigley, the US-based chewing gum manufacturer, has announced that
it is to stop shipping its Surpass Antacid chewing gum with effect
from 28 March 2003.
The agressive expansion of Cadbury Schweppes - whose acquisition of
Adams should be completed soon - has paid off, with solid sales
increases for 2002.
Cadbury Schweppes has had a busy week. While yesterday's
acquisition of the US confectionery group Adams was undoubtedly the
most important in the company's recent history, Cadbury has also
revealed that it is planning a...
Cadbury Schweppes has allegedly fought off rival bids from Nestle
and Kraft to buy the Adams sugar confectionery group, making it the
world's biggest player. But there are still question marks over
whether Adams was the right...
UK confectionery and soft drinks group Cadbury Schweppes saw a
steady year-to-date performance in 2002. British and Irish
confectionery operations continue to perform strongly with
increased sales forecast to drive a double-digit...
Rumours have resurfaced concerning a potential bid for the Adams
confectionery business by the UK's Cadbury Schweppes. While such a
bid would undoubtedly strengthen the British group's market
position, analysts at Euromonitor...
Cadbury Schweppes is the focus of our latest visit to the Mintel
Global New Products Database, and the last few months have
been busy ones for the UK confectionery group. Christmas products,
movie tie-ins and an increasing range of...
The decline in the German confectionery market, and of the Yes
chocolate brand in particular, has forced Nestle to close its
Berlin plant and concentrate production on Hamburg.
