The McVitie’s owner has appointed Tim Brett as managing director for its recently formed business unit that combines its western Europe and emerging markets.
Confectionery giant Mars Wrigley has revealed that it will be taking a ‘present forward, future back’ strategy to increasing its presence in markets it has classified as ‘Global Emerging Markets (GEM)’ after a recent structural reorganisation to form...
Led by strong growth in emerging markets and ‘local jewels’, as the company refers to its regional brands, net revenue gained 1% in the third quarter, while cash flow surpassed $1bn.
Funds from FMO Bank will support the addition of new lines for instant cocoa powder, ready-to-drink chocolate and chocolate-based spreads from the Ghanaian-owned chocolate producer.
With legalization, THC and CBD products will land in previously out-of-reach retail channels – and the opportunities are unprecedented, says IRI and BDS Analytics, a cannabinoid research firm.
Expected to open in mid-2020, the supplier broke ground this week on the Baramati facility, which will produce 30k tons of chocolate and compound annually.
In pursuing emerging markets, cross-category collaborations and a 'local-first' model, Mondelēz has maintained, and in some cases expanded, its stature as a global industry leader – led by the likes of Cadbury, Milka and Oreo.
Confectionery companies will need to adapt to a rapidly changing retail landscape as ethnic minorities lead population growth in the developed US market.
Barry Callebaut full-year profits have fallen slightly after it made significant investments in its supply chain as factories in developed markets reached capacity.
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.
