Mondelez to buy majority stake in nutrition bars brand Perfect Snacks

USA – Mondelez International has agreed to acquire majority stake in Perfect Snacks, maker of frozen nutrition bars as it looks to expand in the fast-growing refrigerated nutrition bars segment. The acquisition is an important […]

Mondelez invests US$6m in UK research and development center

UK – Mondelez International is investing US$6 million at its Reading Science Centre in the UK to accelerate research and development of new products for various markets. Serving over 150 countries, the investment will support […]

Mondelez commits to 100% sustainably sourced cocoa for all brands by 2025

USA – Mondelez International has announced commitment to source 100% cocoa volume for all chocolate brands through its Cocoa Life Sustainability Program by 2025. The company said that 43% of its chocolate including Milka, Cadbury […]

Cadbury Nigeria reports growth in revenue supported by increased sales

NIGERIA –  Nigeria’s beverage and confectionery manufacturer, Cadbury Nigeria Plc, has reported 32% growth in gross profits to US$6.68 million (N2.4bn) in the first quarter of 2019 driven by higher sales and lower finance charge. […]

Mondelez partners Israeli incubator The Kitchen to drive innovation

USA – The multinational confectionery, food and beverage company, Mondelez International has partnered with Israeli-based foodtech incubator, The Kitchen to drive the future of snacking. The partnership brings together a collaboration in research and innovation […]

Mondelez invests in US snacks brand as part of SnackFutures

USA – Mondelez International has announced it has made a minority investment in US-based snacking company, Hu (Human) Master Holdings as part of the innovation and venture hub, SnackFutures. This is the second investment under […]

Mondelez International names Vince Gruber head of European business

EUROPE – The American multinational confectionery, food, and beverage company, Mondelēz International has appointed Vince Gruber head of the European business. He has taken over the role of Executive Vice President & President Europe for […]

Mondelez’s full year net revenue rises 0.2% with growth in emerging markets

USA – Mondelez International’s full year net revenue increased 0.2% to US$3.31 billion helped by emerging markets which grew at 6.5% in the fourth quarter and around 6% for the full year.   Results reflected […]

Arla acquires Kraft’s Middle East & Africa cheese business from Mondelez

DENMARK – European dairy cooperative Arla Foods has announced that it has agreed to acquire Mondelez International’s processed cheese business in the Middle East and Africa region, currently licensed under the Kraft brand. The transaction […]

Mondelez invests US$5m in Global Technical Center in Poland

EUROPE – Mondelēz International has said that it has invested a further US$5 million in its Global Technical Center in Wroclaw, Poland to serve as an R&D centre for both local and global brands. The […]