strategy
Nestlé’s ‘taken away our Breakaway,’ as classic bar set be axed
Fans of the classic British Breakaway chocolate bar have taken to social media to vent their dismay at the demise of the old-school favourite, as Nestlé confirmed that it would no longer be produced from next month, reports, Neill Barston.
Mars completes major £534 million move acquiring Hotel Chocolat
Global confectionery group Mars has confirmed completing the acquisition of British premium chocolate brand, Hotel Chocolat, in a deal worth a reported £534 million, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts revenue upturn amid challenging global market conditions
The Swiss-headquartered Barry Callebaut Group has released its latest quarterly figures revealing revenue gains of 14.1%, to CHF 2.2 billion driven by adjusted cocoa pricing, and an increase in sales volumes, rising 0.4% to 580,876 tonnes, against a ‘challenging and declining’ chocolate market, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory
NCA unveils latest industry intake of key Future Leaders Programme
A total of eight ambitious young industry professionals have formed the latest intake of the National Confectioners Association 2024 Future Leadership Programme, designed to inspire and develop the next generation of management stars within the sector, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Packaging, Processing, Regulatory, Sustainability
ofi appoints chief sustainability officer driving environmental and social policy standards
Ingredients specialist, ofi, has enhanced its focus on key environmental and social responsibility topics with the appointment of Roel van Poppel as its chief sustainability officer (CSO), writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Reprocessing company SugaRich moves to acquire UK Sweetdreams confectionery business
SugaRich, a key UK food reprocessing firm, has moved to acquire British confectionery business Sweetdreams Limited, targeting market expansion of its broader industry operations, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Ferrero business CTH invest begins negotiations to acquire French snacks firm Michel et Augustin
A Ferrero-related business, CTH invest, has confirmed that it has started exclusive negotiations for a full acquisition of French-based snacks and biscuit firm, Michel et Augustin from Danone, writes Neill Barston.
COP28 gains agreements, yet leaves many environmental questions remaining
This week has seen the conclusion of the COP28 event in Dubai, which has aimed to unite the world in seeking solutions to the most urgent environmental issues facing our planet, with a breakthrough declaration being achieved to acknowledge that food chains need to be considered in any action by governments around the world.
Business news, Ingredients, Processing, Regulatory, Sustainability
Hershey’s Halloween ‘Helping hands’ retailer scheme preps industry for key spooky season
Hershey has reported a strong level of engagement with its ‘helping hands’ programme of supporting its retail partners, as the US business gears up for Halloween, which has consistently proved one of its most vital periods of the calendar year, writes Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability
Ferrara confirms deal to buy Jelly Belly Candy Company
A major confectionery deal has been confirmed in the US, as Chicago’s Ferrara Candy Company has unveiled a move to acquire Jelly Belly Candy Company, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory
Indulgent UK confectionery ranges see major spike in sales, despite new HFSS legislation
key confectionery and wider food brands retailing ranges that are not compliant with HFSS (high fat, salt and sugar) regulations within the UK have seen a 27% surge in sales in the wake of the new legislation last year, which aimed to expand healthier options, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Hershey names Deepak Bhatia as its first ever chief technology officer
Hershey’s global tech strategy is set to be directed by Deepak Bhatia, who has been appointed as its first chief technology officer, who has also been named on its Executive Committee, reports Neill Barston.
Neuhaus CEO Ignace Van Doorselaere to stand down, with Isabel Baert appointed new business leader
Belgian premium confectionery brand Neuhaus has confirmed that its CEO, Ignace Van Doorselaere, is set to step down this November, to be succeeded by Isabel Baert, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Ivory Coast and Senegal cocoa and cashew farmers gain €26 million EIB and Cofina investment
Sustainable agriculture, including cocoa and cashew production, in Ivory Coast and Sengal has been given a €26 million boost, as the European Investment Bank and Cofina Group confirm an agreement to support core farming operations within the region, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Processing, Regulatory, Sustainability