A strong rise in sales volumes in Western Europe helped Barry
Callebaut to post steady profit rise for first nine months. Company
on course to meet its target of EBIT SF200 million in 2002/03.
Barry Callebaut, the Swiss chocolate producer, has continued to go
from strength to strength despite depressed consumer spending and
the strength of the Swiss franc. As in Q1, first half figures were
boosted by the Stollwerck acquisition...
The latest visit to Mintel's Global New Products Database shows
that there is no risk of any slowdown in the number of innovative
and unusual food products being launched across the world, with
cheesy ice cream just one of the...
The International Sweets and Biscuits Fair (ISM) held last month in
Cologne, Germany, clearly illustrated how kids and adults are
targeted by confectionery groups.
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...
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 vast disparity between the price consumers in the UK pay for
their chocolate and the amount West African cocoa growers are paid
for the key ingredient in the confectionery has been highlighted
again this week by the Co-op. The...
Next January will see the launch of Fruity Smarties, a new
variation on the popular Nestle chocolate confectionery brand which
contains a fruity jelly produced by Haribo. Is this the start of a
beautiful relationship between the two...
More research to suggest that chocolate could be of benefit arrived
this week with scientists in the US suggesting that dietary
flavonols found in certain chocolates and cocoa could improve blood
vessel function.
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.
New research from the US claims that new, high-yielding selections
of Theobroma cacao, may offer new hope to the world's cacao
growers - and to chocolate manufacturers and chocolate lovers
across the world.
The US Food and Drug Administration (FDA) said this week that it is
to establish a standard of identity for white chocolate.
The standard will provide for the use of the term `white
chocolate' as the common or usual name of...
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...
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...
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.
A chocolate maker that was the first foreign-owned company in China
to be declared bankrupt has been sold to a state-owned firm, the
auction house that handled the sale said.
Neither a price hike nor the added strain of life in the United
States since the terror attacks of Sept 11 have deterred some
chocolate buyers from getting their dose of sweets, say industry
watchers.
