Mondelēz has confirmed it will close the Cadbury factory in Dunedin, New Zealand, in early 2018, and refurbish its local Cadbury World with a NZ$7m ($5m) investment.
Though Mondelēz has billed its new plans to invest A$75m (US$60m) into upgrading its Hobart Cadbury factory as a move to “secure local jobs”, it has at the same time revealed that nearly 10% of jobs will be shed in the process.
Dunedin’s city council says that raising a NZ $20m ($14.44m) public equity float required by Mondelēz to save the local Cadbury factory is likely to be successful.
Porirua confectionery manufacturer Whittaker’s has been named New Zealand’s most trusted brand for the fifth consecutive year, in an annual survey commissioned by Reader’s Digest.
The head of a body that represents New Zealanders with diabetes has hit out at arguments that a tax on sugary products would help prevent the spread of the disease.
The impulse checkout channel may be under further threat after a survey revealed a third of consumers in New Zealand supported candy-free checkout zones.
Mondelēz International has appealed against the New Zealand trademark authority’s decision to OK rival Whittaker’s registration of its Berry Forest chocolate bar, despite protestations that it is too similar to Mondelēz's own Black Forest brand.
New Jersey-based TerraCycle, which collects non-recyclable, or difficult-to-recycle, waste, has partnered with major corporation Mondelez International, which owns Cadbury, to launch a recycling waste campaign on the Asian market.
Consumers in New Zealand are spending more on healthier and ethical chocolate variants - a move that has aided growth in the burgeoning sector, an analyst says.
Amcor today announced it has agreed to pay A$238m (€191m, US$251m) for its controversial proposed takeover of Aperio - its major rival in the Australasian flexible packing arena.
