Kraft’s global snacks spin-off Mondelez will face fierce competition from the likes of Mars and Nestlé in the emerging confectionery markets of China and Russia, according to an analyst from Euromonitor International.
Kraft-owned Cadbury UK has harnessed the power of its 2.5 million-strong Google+ network to launch a new mint flavor of its dairy milk bubbly bar, its social media manager says.
Kraft’s global snacks spin-off, Mondelez, has chosen its focus markets wisely and can capitalise upon chocolate market growth in Russia and the upcoming FIFA World Cup and Olympics in Brazil, according to an analyst.
Four power brands, three priority markets and two innovation platforms will drive growth for Mondelez’s chocolate segment, according to the firm’s category head.
The Mondelez Series - New confectionery powerhouse
The developing markets of Brazil, Russia, India and China will drive sales for Kraft’s global snacks business Mondelez International, according to CEO Irene Rosenfeld.
Cadbury parent company Kraft Foods has responded to allegations from a Chinese newspaper that a piece of Choclairs from a Beijing supermarket contained a worm.
An analyst gives his tips on the possible suitors for Australian confectioner Darrell Lea, which entered administration this week and is looking for a buyer.
UK chocolate brands have indulged in a British-homage in the run up to the Queen’s Diamond Jubilee on June 2 and consumer spending will be up, driving the usual post-Easter sales dip, an industry analyst said.
Kraft-owned Cadbury has expanded its sharing bag portfolio with a chocolate-coated toffee popcorn product, in a bid to burst into the UK’s rattling £42m (€52.46m) popcorn market.
The future is not bright for UK confectionery packaging as consumers turn to healthier options, but packaging firms can profit from a growing preference for sharing products and smaller offerings, according to a report from market analysts Euromonitor.
Kraft Foods is off to a solid start to 2012 in its first quarter (Q1) results driven by sales growth in global biscuits and chocolate and strong performance in emerging markets.
A Cadbury production site in the UK that was controversially closed following Kraft’s 2010 takeover has been sold to a developer, according to reports.
Cadbury UK has announced that it will introduce shelf ready packaging to make its chocolate bars stand upright in stores to better attract customers’ attention in a £6m (€7.2m) scheme.
A US Federal judge has accepted Cadbury’s $1.3m (€995,863) offer to settle in class action lawsuit over its alleged part in a suspected chocolate price fixing scandal also involving Nestle, Hershey and Mars.
Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
Kraft Foods has reported strong sales and profit growth in the first quarter as it increased prices and advertising efforts for core brands to tackle higher commodity costs.
Kraft Foods is leveraging the growing trend for chocolate and biscuits in developing markets with the opening of a new $80m production facility in Brazil.
US confectionery manufacturer Hershey claims its growth levels are on pace to achieve $1bn international net sales - outside of North America – by 2015.
Flavour development company Senomyx has forged a partnership with confectionery manufacturer Cadbury Adams USA, a Kraft Foods division, to develop and commercialise new flavor modulators for gum and medicated confectionery products.
The UK Takeover Panel, in a move that follows the controversial acquisition of Cadbury by US food group Kraft in February this year, has proposed changes to reduce the tactical advantage in hostile takeover bids.
Two more senior Cadbury executives have left Kraft Foods, joining the other senior management figures who have resigned since the confectioner's takeover by the US food group in February, claim media reports.
Convergence in the confectionery market has slowed since the acquisition of UK confectionery group Cadbury by Kraft Foods in February this year, according to a market analyst.
Industrial chocolate supplier Barry Callebaut has secured a key, long-term supply contract with Kraft Foods, which will see the Swiss firm invest €51m to expand production capacity in North America, the Ivory Coast, Malaysia and Europe.
US food giant Kraft Foods has announced the sale of the Cadbury owned Kandia-Excelent chocolate, sugar confectionery and cake business in Romania to Oryxa Capital, an international investment fund, subject to regulatory approval.
Ending months of speculation, Asian confectionery giant Lotte Group will acquire the Wedel business in Poland from Kraft Foods, subject to regulatory approval.
Reading Scientific Services (RSSL) will house an expanded global science and technology centre supporting Kraft worldwide following a radical restructuring that will also see Cadbury Bournville transformed into a global centre of excellence for chocolate...
Directors of both US food group Kraft and Cadbury are being called to account at a committee of UK politicians regarding the acquisition of the Dairy Milk maker tomorrow.
The Kraft owned chocolate brand Milka is to be launched across the entire UK market from April, just weeks after the US food giant purchased Dairy Milk maker Cadbury.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
US based market analyst firm Bernstein Research claims that there is more value for Cadbury shareholders in the UK confectionery giant remaining a standalone company should a higher bid from Kraft does not materialise.
Nestlé claims its confectionery business is large enough to enable it to compete in the global sector even if Kraft Foods takeover bid for Cadbury is successful, and that its sights would be set on seeking smaller acquisitions in emerging markets.
Cadbury CEO Todd Stitzer told a fair trade conference in London on Thursday that taking away its “principled capitalism” would destroy Cadbury’s appeal, according to the UK’s Guardian newspaper.
Cadbury has added another string to its eco-friendly bow by introducing a mobile computerised system for its market research data collectors, cutting down on paper and travel while improving efficiency.
Nestle has slashed spending on marketing its Heaven chocolate bar, launched just last year, prompting insiders to question the company’s marketing strategy and the logic of the launch in the first place.
British confectionery firm Cadbury has recalled all of its chocolate products manufactured at its Beijing plant as a precautionary step 'after monitoring' melamine-contamination events in China, the chocolate maker said this morning.
Cadbury has signalled that it will take “whatever measures are necessary” to deliver on its 2008 performance promises – despite H1 results that show good profit growth.
A group of leading UK food and drink manufacturers is pledging to
reduce water use under a new programme designed to improve their
environmental credentials and cut costs.
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.
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...
International firms such as Cadbury are the most successful
confectionery companies in Western Europe, according to
Euromonitor, suggesting that a global outlook is necessary to
survive in an increasingly competitive market.