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…

Britannia to invest US$58.2m by next year for capacity and product development

INDIA - Britannia Industries, India’s second-largest listed packaged food company plans to invest between US$58mn to US$72.81 million by next year for expansion of capacity and new product development. ET Retail has reported part of the investment including US$43.70m will be used to set up a dairy plant whose site may be relocated from Maharashtra to…

Britannia profit rises 19.41% driven by double-digit volume growth in Q1

INDIA - The Indian food-products corporation, Britannia Industries has said consolidated net profit for the quarter ended June 2018 increased by 19.41% to US$37.56 million helped by double-digit volume growth, ET Retail reports. Total income rose to US$376m compared to US$345m in the corresponding period of the previous fiscal. According to BSE filing by the…

Olam’s joint venture Nutrifoods launches first premium oats digestive biscuits

GHANA - Nutrifoods Ghana Limited, a joint venture between Olam and Sanyo Foods has launched its first premium oats digestive biscuit under its adult health segment brand, Nutrisnax, a GNA report reveals. The Premium Nutrisnax Oats Digestive biscuit is made from oats and whole wheat, high in fibre and totally devoid of trans-fat. It will…

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…

Tesco launches ‘low-calorie’ alcoholic Pimm’s ice lollies in the UK

UK - The British multinational grocery store has launched a low-calorie English alcoholic drink Pimm’s ice lollies, limited to the summer period in the UK. In line with this, Tesco has partnered with market leader POPS who have previously produced licensed products for both Fever-Tree and Fortnum & Mason. Pimm’s POPS contain 32 calories and…

Mondelez president Valerie Oswalt to join Century Snacks as CEO

USA – Mondelez, an American multinational confectionery, food, and beverage company, has announced that Valerie Oswalt, president of North America Confections, is joining Century Snacks as CEO. Century Snacks is an American premier snack food producer. According to Candy & Snacks, Oswalt will bring more than 20 years of consumer packaged food experience to her…

Nestlé inaugurates new NESCAFÉ Dolce Gusto in Vietnam to increase production

ASIA – Nestlé, a Swiss transnational food and drink company, has inaugurated a new NESCAFÉ Dolce Gusto capsule production line in Dong Nai Province, Vietnam, expanding the Vietnamese facility production to 130m capsules per year. According to the company, the NESCAFÉ Dolce Gusto capsule production line uses raw materials from high quality Vietnamese coffee beans,…