Mondelēz’s snack bar biz tips $1bn with Clif Bar & Company acquisition

Clif Bar’s acquisition marks the ninth deal since 2018 as Mondelēz works towards reshaping its portfolio for higher long-term growth and prioritising fast-growing snacking segments in key geographyies. So far in 2022, the snacking giant has announced an agreement to acquire Mexican confectionery company Ricolino from Grupo Bimbo and closed on its acquisition of European … Read more

‘On a run rate basis, we’ll hit $1bn in US retail sales in the next couple of months’

“We​ serve less than 20% of US households, but we know that great tasting, natural foods are relevant to a lot more than 20% of the population,” adds Stokes, who joined Mars in June 2019, moved to KIND (as chief growth officer) in spring 2021, and took the helm of its North American business in … Read more