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Hershey

Food

Mondelez drops takeover bid for US chocolate maker Hershey

Indiaretailing Bureau -
Confectionery major Mondelez has abandoned talks to buy candymaker Hershey, two months after the US chocolate company turned down its $23 billion cash-and-stock bid. "Following additional discussions, and taking into account recent shareholder developments at Hershey, we determined that there...
Retail

Hershey weighs Cadbury options

Indiaretailing Bureau -
Hershey Co. is unlikely to stand by and let Kraft Foods Inc. or another company swallow up chocolate rival Cadbury PLC, a person familiar with Hershey's thinking said Monday."Hershey recognises that Cadbury is the last major confectionery company potentially...
Retail

Hershey top executives reshuffled

Indiaretailing Bureau -
In a reshuffle of top executives, Dave West who was recently appointed President and CEO of leading confectionery Hershey, has appointed Ted Jastrzebski who had successfully led its venture in India would look to develop its “high potential markets,”...
Retail

Hershey to hike stake in GBFL to 57.8 per cent

Indiaretailing Bureau -
American chocolate and confectionery maker Hershey is planning to increase its equity stake in Godrej Hershey Beverages and Foods (GBFL) from 51 per cent to 57.84 per cent. Hershey had acquired 51 per cent stake in GBFL for $60 million...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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