Ferrero UK has invested £6.74m ($8.61m) in launching a new range of confections for Christmas 2018 after the company achieved consecutive seasonal growth over the last five years.
China has announced tariffs on approximately $60bn worth of US goods as a retaliation after the Trump administration slapped 25% tariffs on $200bn Chinese products earlier this year.
Hershey has posted a net sales increase of 5.3% in Q2, reaching $1.75bn, after it recently divested Tyrrells potato chips and Golden Monkey candy brand in China.
Hershey has sold Golden Monkey to Henan Yuxiang Food Technology Company (河南御翔食品科技有限公司) four years after it acquired the Shanghai-based confectionery brand for $577m.
Premium chocolate maker Lindt has posted a 7.7% sales growth for its half-year 2018, reaching CHF 1.67bn ($1.68bn), while its organic growth increased by 5.1%.
Norwegian conglomerate Orkla has posted a 9% operating profit increase in Q2 this year, reaching NOK 1.12bn ($137m), while its operating revenues rose 3% to NOK 10bn ($1.22bn).
Nestlé New Zealand has reached a conditional agreement to sell six confectionery brands to Quadrant Private Equity to focus on its chocolate, baking and medicated lozengers.
PFHIX started as a food ingredients company selling its effervescent popping crystals in bulk and under private label, but has recently made a hard pivot into the nutraceutical space, working with companies such as Applied Food Sciences, Glanbia, and...
Fruit bars maker, That’s It, has entered the confectionery category by introducing a line of truffles made with 64% dark chocolate: dark chocolate and dates, and dark chocolate and figs.
Godiva Chocolatier has collaborated with e-commerce startup Candy Mechanics to create personalized chocolate cards and lollipops made from 3D printed molds of human’s heads.
SweeTARTS has announced a competition to find the next Gummy shape in conjunction with its latest launch of gummies shaped as a turntable, VR (Virtual Reality) headset and rocket ship.
