Mondelēz to offload US gum brands, prioritises long-term growth

The decision comes after Mondelēz launched a review of its gum business last year. The company has begun looking for a buyer and there’s no timeline yet for a sale, a spokesperson told CNN Business. In an investor event held on Tuesday, Mondelēz updated its long-term algorithm to 3 to 5% organic net revenue growth, … Read more

Mondelēz agrees sale with Grupo Bimbo for Ricolino and other key chocolate brands

The $1.3bn deal between the two giants will transform Mondelēz’s business in the high-priority Mexico market to accelerate growth and scale in core snacking categories. Ricolino is a growing business with a leading confectionery position in Mexico with approximately $500m in annual revenue, employing almost 6,000 staff. An attractive entry point The acquisition will double … Read more

US chocolate brands spread the love this Valentine’s Day

A survey in 2021 from the National Confectioners Association claims 84% ​​of Americans think that chocolate and candy are a fun part of special celebrations, including Valentine’s Day, while 87% of Americans enjoy seasonal Valentine’s Day chocolate and candy. When asked how they select a treat from a Valentine’s Day box of chocolates, 50% of … Read more