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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 Mondelēz International, responsible for shaping and driving the company strategy “Snacking Made Right” in the territory. Gruber was appointed Executive…
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 the impacts of unfavorable currency and divestment including its Kraft-branded cheese business in Middle East and Africa (MEA), which the…
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 also gives Arla full ownership of a state-of-the-art cheese production site in Bahrain, granting it a strong hold in the…
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 company said the new investment expands its research and development activities beyond Chocolate and Bakery and serve Gum and Candy…
NIGERIA – Cadbury Nigeria, a snack and confectionery arm of Mondelez International has ended the nine months to September 30 with a profit of US$474,100.80 from a loss of US$176,409.60 it reported last year in the comparable period. According to Business Day Online, revenue for the period increased 10.6% to US$74.3 million, an increase from…
USA - Mondelēz International, an American multinational confectionery company, has announced that Luca Zaramella, 49, Senior Vice President of Corporate Finance and a 20-year veteran of the company, will become EVP, Chief Financial Officer (CFO), effective August 1, 2018. Zaramella will replace Brian Gladden, who will leave the company in August. After 10 years as…
EUROPE - Mondelēz International, an American multinational confectionery, food, and beverage company, has announced it has invested US$200 million since 2014 in its Opava biscuit manufacturing facility, Europe. According to the company, the investment builds on Opava’s proud heritage of more than a century as a biscuit-making center and supports the company’s global growth strategy…
USA - Mondelēz International, an American multinational confectionery, food, and beverage company, has announced its ambition to expand the Harmony program, the company’s sustainable wheat sourcing initiative. This expansion strategy is expected to cover 100% of its biscuit brands in the European Union by 2022, up from 60% of the company’s biscuit production in the…
USA - Mondelēz International has announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately US$500 million. Founded in 2000 on Long Island, N.Y., Tate’s has cultivated a devoted consumer following across the country. According to the company, Tate’s…
USA - Mondelēz International, an American multinational food and beverage company has inaugurated its newest “Factory of the Future” in the Kingdom of Bahrain as it aims to meet the growing consumer demand. The company invested US$90 million in the state-of-the-art biscuit manufacturing plant that produces iconic Power Brands, including Oreo cookies and Barni soft…