Kraft Foods has said that it will close down its only production
facility in Hungary and move production elsewhere. The company has
hinted that production of confectionery and coffee could shift to
Slovakia and Austria.
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,...
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.
Wrigley cannot register its Doublemint brand as a trademark with
the EU because it is a descriptive name - a rulings made by the
European courts yesterday.
The CEO of Wrigely has announced that the global confectionery
company is aiming to further grow its company in the year ahead
with a range of innovative new gum-based products.
Wrigley has announced third quarter earnings up 15 per cent,
following an impressive 12 per cent growth in its global sales,
which were further strengthened by the weakness of the US dollar.
Nestlé's popular confectionery brands will soon be found on a range
of cakes and muffins in most of the UK's major retail chains
following a deal aimed at lifting the Swiss group's share of UK
cake sales.
The global reach of Nestlé means that it is particularly
susceptible to currency effects, and first half sales at the
confectionery-to-mineral water group were down 6.3 per cent as a
result.
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.
Tough trading conditions and the impact of several significant
acquisitions continue to take their toll on results at UK-based
confectionery and beverage group Cadbury Schweppes.
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period, but chocolate sales were affected by
the late Easter.
Nestlé is the most popular chocolate producer in Russia, but other
international companies still play second fiddle to the numerous
local (or even regional) producers there. But the market is set to
grow over the next five years,...
Wrigley, the US-based chewing gum manufacturer, has announced that
it is to stop shipping its Surpass Antacid chewing gum with effect
from 28 March 2003.
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...
The decline in the German confectionery market, and of the Yes
chocolate brand in particular, has forced Nestle to close its
Berlin plant and concentrate production on Hamburg.
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.
United Biscuits' management in the UK has finally run out of
patience with staff and unions at its Fontaneda plant in Spain. If
all the parties cannot agree on terms for the relocation of staff
to other UB sites by 15 October,...
A letter to the Pennsylvania Attorney General states that the
Hershey trust will not attempt to sell its shares in Hershey Foods
without seeking court approval, a move seen by sceptics as intended
to avoid further legal action against...
Is Cadbury preparing a £3 billion bid for the US sugar
confectionery group Adams? Well, possibly, but Adams' current
owner, the drugs group Pfizer, is certainly playing down the latest
rumours.
The Mentos line of mints has a new addition - Breathmakers - which
are a return to milder, fresher mints and away from the
throat-searing strong mints which have dominated the market in
recent years.
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...
The Hershey Trust's appeal against an injunction preventing it from
selling its stake in the Hershey confectionery business was heard
by a panel of seven judges yesterday, but the court was adjourned
before a decision was made.
The sale of the Hershey confectionery business may not yet take
place, according to the head of the Hershey Trust which controls
the business. And even if the sale does take place, he stressed,
the impact on the local community will...
Hershey will find out on Wednesday whether its appeal against a
court ruling postponing the sale of the confectionery group has
been successful. In the meantime, rumours continue to circulate of
a potential joint bid for the firm...
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...
The sale of the leading US chocolate bar maker Hershey Foods has
been put on hold in order to allow the courts to assess the likely
social and economic impact of the disposal. But will the
restrictions likely to be imposed on the...
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.
Swiss food group Nestle on Friday declined to comment on market
talk it might want to buy US confectionery maker Hershey, but said
it would be keen on regaining its top-selling Kit Kat brand in the
United States.
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.
