No quick fix for gum as Mondelez chews over mixed results
Mondelez International is still struggling to revive the ailing gum category and believes a turnaround will take at least two years.
Mondelez International is still struggling to revive the ailing gum category and believes a turnaround will take at least two years.
Nestlé’s share price fell 2.3% on Thursday as the company announced its slowest growth in three years, with developing markets hit by natural disasters and continued market weakness in Europe and the Americas.
Texture and stabilization specialist TIC Gums is now strong in gum arabic replacement for confection coatings, but this business shift started as a mere disaster plan, its president says.
The National Confectioners Association (NCA) celebrated Valentine's Day with a renewed push for reform of the sugar regime.