Ferrero India slips into losses as profit in the year 2018 decline 17%

INDIA -  Kinder Joy chocolate maker Ferrero India has posted a 17% decline in profit with a net loss of US$12.26 million during the year ended March 2018. According to Economic Times report, this is the worst performance reported by the Italian manufacturer of branded chocolate and confectionery since it entered the Indian market a…

Barry Callebaut Group signs agreement to acquire chocolate producer Inforum

RUSSIA - The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Inforum, a leading Russian B2B producer of chocolate, coatings and fillings, serving many of the well-known consumer chocolate brands in Russia. According to the company, the strategic acquisition will strengthen its presence and…

Brenntag partners with Cargill for exclusive cocoa and chocolate distribution in Central Eastern Europe

EUROPE – Brenntag, a German chemical distribution company and Cargill have reached an agreement, making Brenntag the exclusive distribution partner for Cargill’s industrial cocoa and chocolate in the Central Eastern European (CEE) region. According to the company, the distribution agreement includes Cargill’s leading Gerkens® cocoa powder brand, as well as its broad chocolate range, which…

Barry Callebaut signs long-term supply agreement with Burton’s Biscuit Company

UK - The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement with Burton’s Biscuit Company, the UK’s second biggest biscuit manufacturer, for the long-term supply of over 12,000 metric tons of chocolate and compound per year. According to Barry Callebaut, it will acquire the chocolate manufacturing…

Hershey unveils expandable tractor trailer to improve snacks distribution across the country

USA - The Hershey Company, an American company and one of the largest chocolate manufacturers, has unveiled its new 53-foot, expandable Mobile Customer Insights Center (MCIC) tractor trailer. The company revealed the trailer during a ribbon-cutting ceremony at Hershey’s headquarters, and that the MCIC will take Hershey’s shopper insights and snacks category expertise directly to…

Hershey Company’s Chief Financial Officer Patricia A. Little to retire in 2019

USA - The Hershey Company, an American company and one of the largest chocolate manufacturers in the world, has announced that Patricia A. Little, Senior Vice President and Chief Financial Officer, intends to retire from the company in the spring of 2019. The company said that Little has served as the company’s CFO since joining in…

Synergy Flavours launches ruby chocolate flavour for young people

USA - Synergy Flavours, a leading supplier & manufacturer of food flavours, has added a ruby chocolate flavour to its ingredients portfolio, which is suitable for use in cakes, desserts and sports nutrition drinks. According to FoodBev, the new flavour has been developed to create products which will appeal to consumers between the ages of…

Hershey-owned Dagoba Organic Chocolate debuts new range of flavour-infused bars

GERMANY - Dagoba Organic Chocolate, a brand of premium organic chocolate, owned by Hershey, has debuted a new range of infused flavours for its bars and bite-sized chocolate ‘Gems’. According to Financial Times, Dagoba offers unique flavour combinations as part of its brand identity. The new flavours include 84% cacao extra dark chocolate, 37% cacao…

Chocolate producer Lindt & Sprüngli reports 7.7% increase in sales in half-year results

USA - Lindt & Sprüngli, a Swiss chocolatier and confectionery company, has reported an increase of 7.7% in sales in the first half-year, generating consolidated sales of US$1.68 billion. According to the company, strong group sales in Swiss francs up by 7.7% to US$1.67 billion while organic growth was 5.1%. The increase in operating profit…

Sunrise Strategic Partners announces investment in a chocolate brand company

USA - Sunrise Strategic Partners, a CO-based accelerator of emerging brands, has announced an investment in Little Secrets, a clean label chocolate brand made without artificial colors or flavors. Little Secrets' delicious signature chocolate pieces and recently-launched chocolate crispy wafers use high quality Fair Trade ingredients and are made with natural colors and flavors. According…