After months of secrecy and whisperings, Cadbury Schweppes has
finally confirmed that it is looking to dump its European soft
drinks arm for a greater focus on confectionery.
Cadbury Schweppes still looks likely to ditch its European soft
drinks arm for the right price, yet it is difficult to find a buyer
for a stumbling business with little growth prospects.
British confectionery and soft drinks giant Cadbury Schweppes may
be turning its focus to the confectionery market, if recent
speculation on a decision to sell its European soft drinks business
is fulfilled.
British confectionery and soft drinks company Cadbury Schweppes
yesterday revelled in its best performance for a decade, with
half-year results flattered by a trade buy-up of extra stocks of
chocolate in the UK, reports Lorraine Heller.
Cadbury-Schweppes looks set to try and sell its European soft
drinks arm, again, but whoever buys it may have a tough time
improving the division's rather average performances, reports
Chris Mercer.
British confectioner Cadbury Schweppes confirmed today that it
remains on track to meet its annual financial targets, although
warned of tough trading conditions in the second half, Tom
Armitage reports.
British confectioner Cadbury is to enter the flourishing organic
chocolate sector for the first time, after acquiring Green and
Black's - the company behind the UK's fastest growing confectionery
brand, Tom Armitage reports.
Cadbury Schweppes is well on the way to delivering growth at its
European confectionery unit, despite an increasingly gloomy outlook
for the packaged food sector as a whole, according to investment
bank Goldman Sachs.
Cadbury Adams has signed a 16-year lease for a new science and
technology centre that will be built in Hanover Township, in the
state of New Jersey, US for confectionery innovation.
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.
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,...
Spinning off the US soft drinks business could bring substantial
gains to Cadbury Schweppes, but any demerger is unlikely to take
place until at least 2006, claim analysts Goldman Sachs.
Cadbury Schweppes has developed a biodegradable packaging for its
new range of milk tray chocolates in Australia in response to
growing demands for eco friendly food packaging.
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.
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.
Gum is by far the most profitable segment of the global
confectionery market, and looks set to remain so for some years to
come as new functional and healthy variants are launched.
Cadbury Schweppes has hit out at critics of its Get Active
programme. But, market analysts Datamonitor ask, is this agressive
tactic the right way to head off criticism of the scheme?
Cadbury Schweppes is to introduce a scheme offering schools the
chance to acquire sports equipment in exchange for chocolate bar
wrappers. But the government-endorsed scheme has been widely
criticised, not least by the UK Food Commission,...
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...
Cadbury and Nestle, erstwhile partners in a bid for Hershey, are
likely to face off against each other in the auction for another US
confectionery group, Adams. But other major bidders such as PepsiCo
cannot be ruled out.
Cadbury Schweppes is to buy out its partner in the Appolinaris
& Schweppes water joint venture in Germany, a move which will
allow it to distribute more of its brands there.
Despite the fact that the sale of the company has been temporarily
put on hold, Nestle and Cadbury are said to be still discussing a
joint bid for the Hershey business, although they have not yet
decided how best to structure the...
A new energy bar with guarana has been launched by UK confectionery
group Cadbury Schweppes, the first 'mainstream' chocolate bar to
enter the energy market. Boost Guarana is said to offer as much
extra energy as an energy...
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
US gum manufacturer Adams is seen as a 'must-have' acquisition for
Cadbury Schweppes if it wants to truly become a global player. But
it faces strong opposition from rival players.
UK confectionery and drinks group Cadbury Schweppes is preparing a
$2 billion (€2.27bn) bid for the chewing gum and cough drops arm of
Pfizer, the world's largest drugs company, a British Sunday
newspaper reported.
Cadbury Schweppes announced that it has agreed to acquire a 51 per
cent equity interest in Kent, the leading sugar confectionery
manufacturer in Turkey, in addition to a majority equity interest
in its distribution arm, Birlik.
UK drinks and confectionery group Cadbury Schweppes this week
announced a strong financial performance for 2001.Sales rose 21 per
cent to reach £5,519m (€9.02m), up from £4,575 m in 2000 and
underlying profit (before tax) was up 18...
