Cadbury Nigeria reports 10% decline in full year revenue while Unilever Nigeria registers 2% top-line growth

NIGERIA – Cadbury Nigeria, subsidiary of snack and confectionery firm Mondelez International has reported a 10% decline in full year revenue for the period ended December 2020, to N35.41 billion (US$86.5m). The decline, according to Naira Metrics was occasioned by the decrease in domestic and export sales, spearheaded by the impact of COVID-19, which further affected its profits. The maker of hot chocolate beverage suffered an 83% decline in profit to N172.67 million (US$422,000). Cadbury’s profitability thrives on high volume and high revenue as FMCG profit margins are usually rather…

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Mondelēz to expand snack portfolio with acquisition of UK performance nutrition brand Grenade

UK – Owner of Cadbury chocolate brand, Mondelēz International has agreed to to acquire UK performance nutrition company Grenade from its majority shareholder Lion Capital as part of its continuing expansion into the snacking sector. The deal comes barely two weeks after Mondelēz purchased Australian based premium cracker company Gourmet Food Holdings. This is in addition to the acquisition of plant-based snack brand Hu Products which was made in January in an effort to tap into the increasingly popular better-for-you snack segment. Grenade manufactures a range of sports nutrition products…

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Mondelēz to strengthen position in the premium biscuit category with acquisition of Australian food company Gourmet Food

AUSTRALIA – American snack food company Mondelēz International is once again doubling down on efforts to expand its snack portfolio through global acquisitions. In its latest move, the company has announced the acquisition of Australian premium cracker company Gourmet Food Holdings, for an undisclosed amount. FoodBev reported that the move to purchase Gourmet Food, which includes brands such as OB finest, Olina’s Bakehouse and Crispbic, will strengthen Mondelēz’s position in the premium biscuit and cracker category. Previously, Mondelēz has highlighted its intentions to strengthen its position in the high-growth snacking…

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Mondelēz doubles down sustainability efforts with new pledge to reduce new plastic use in packaging

 US – US Snack and Food Company Mondelēz has doubled down on its efforts to become more eco-friendly with a new pledge to reduce its use of virgin plastic in rigid plastic packaging by at least 25% by 2025. To achieve this target, Mondelēz said it planned to eliminate plastic material, increase its use of recycled content and adopt reuse models for its product portfolio. Mondelez’s new plastic packaging goals expand on the company’s promise to become more eco-friendly in the coming years. The company says it is close to…

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Sargento pairs cheese with popular Mondelēz brands to create new snack range

US – A new snack range that features cheese is coming to the US market thanks to a partnership between American Cheese Company Sargento Foods and global snack and food company Mondelēz International. The new snack range pairs Sargento cheeses with Ritz, Triscuit and Wheat Thins crackers and comes in four combinations, each containing 7-9g of protein and up to 170 calories per serving. In the new range, Sargento will combine Pepper Jack and Colby Jack natural cheeses with Ritz Mini Crackers while Gouda and sharp cheddar natural cheeses will…

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Mondelēz snack unit takes Parle to court for ‘copying’ design of Oreo cookie

INDIA – Mondelez snack unit, Intercontinental Great Brands LLC, has moved to the Delhi High Court against Parle Products, alleging that the design of the Indian firm’s Fabio biscuits is “deceptively similar” to that of Oreo. Economic Times India reported that the high court has since fixed April 12 as the next date of hearing of the trademark infringement case filed by the maker of world famous Oreo cookie. In its hearing on February 9, the court declined the request of the US firm’s lawyers to advance the hearing to…

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Mondelez contributes towards a better world by investing in ventures tackling sustainability issues

US – American multinational confectionery company Mondelez International is contributing towards a better world by investing in ventures tackling climate change issues with innovative and sustainable solutions. The investment is being made through the company’s newly launched Sustainable Futures platform which will incubate, finance and support self-sustaining ventures that address key challenges in the world, including climate change. The maker of Cadbury chocolate brand said that its  Sustainable Futures platform aims to invest in social ventures that improve livelihoods and build healthy communities. Additionally, the new program will  invest in…

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Mondelez venture capital arm SnackFutures launches program to accelerate innovative early-stage snack brands

US – SnackFutures, Mondelez International’s innovation and venture hub, has launched a new program dubbed CoLab to help accelerate innovative early-stage snack brands. According to a statement from SnackFutures, the 12-week  program is customized to each participant’s business challenges and growth priorities. Up to 10 startups will be chosen to participate and receive a US$20,000 grant. Additionally, Mondelez will provide the businesses with tools, technologies and access to networks and industry expertise, while the large CPG gains insights, capabilities and prospective investment opportunities. Mondelez, the snacking giant known for iconic…

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Mondelez considers closing bakery plants in the US that are no longer geographically strategic

US – American multinational confectionery and food company Mondelez has said that it it would officially close plants in Atlanta and Fair Lawn, New Jersey as early as mid-2021 in an effort to consolidate it’s US operations and reduce operations costs. Mondelez said the two locations are no longer geographically strategic and the plants are facing operational challenges, including aging infrastructure that would require “significant investment” to be modernized. The closure in Georgia will affect more than 400 people, while the shuttering of the New Jersey plant will impact roughly…

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Mondelēz invests US$20.5M to expand capacity of Cadbury manufacturing facility in UK

UK – American multinational confectionary company Mondelēz International has announced plans to invest £15 million (US$20.5 million) into its UK-based Bournville site, dubbed the “heart and home” of Cadbury. The investment will include £11 million (US$15 million) to create a production line of Cadbury Dairy Milk tablets as the company consolidates the majority of its tablet production at the site. This new line will enable 125 million more of the iconic large sharing bars to be made at Bournville annually, with additional capacity for any future growth. Alongside the new…

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