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

1-800-FLOWERS.COM, Inc becomes a Fortune 1000 company

The company has grown from a single floral shop to now being among America’s 1000 largest organizations with more than a dozen gifting brands spanning gourmet food, confectionery, personalized keepsake items, floral, and more. The company’s recent landmarks include: Doubled the size of its business – with revenues exceeding $2bn Doubled the size of its … Read more

Plant-based products help Nestlé with key growth as company commits to ‘business as a force for good’

Although its profit margins were hit by cost inflation, Nestlé witnessed continued retail growth and a recovery in out-of-home and said organic growth reached 7.5%, with internal volume growth of 5.5% and pricing of 2%. Total reported sales increased by 3.3% to CHF87.1bn, with foreign exchange reducing sales growth by 1.3% and net divestments by … Read more