ChocolateIndustry

U.S. Tariffs on Cocoa Producers Shift the Chocolate Landscape in Favor of European Artisans

12 hours ago

In a strategic pivot that is reshaping the chocolate industry, the United States has implemented tariffs on cocoa producers, inadvertently giving a competitive advantage to chocolatiers across Europe. This regulatory shift, set to take effect sooner than expected, has raised concerns among American manufacturers, who are grappling with rising costs and the potential loss of market share.

Godiva's Turkish Owner to Shed Marinas and Refocus on Core Business

3 months ago

In a strategic shift aimed at streamlining operations and bolstering its primary brand, Godiva Chocolatier's Turkish parent company is set to divest its marina assets. This move comes as part of a broader strategy to concentrate resources and efforts on its core confectionery business, which has seen increased competition and evolving consumer preferences in recent years.

Record Cocoa Prices Drive Innovations in the Chocolate Industry

4 months ago

The chocolate market is undergoing significant shifts as cocoa prices hit record highs, leading to heightened concerns about sustainability and a search for alternative sources of chocolate. The rising costs have implications not only for chocolatiers and manufacturers but also for consumers and cocoa-producing regions.

Mondelez Considers Acquisition of Hershey: What It Means for the Chocolate Market

4 months ago

In a move that could reshape the landscape of the chocolate industry, Mondelez International is reportedly exploring the possibility of acquiring The Hershey Company, the iconic American chocolate maker known for its beloved chocolates and snacks. This development, still in the early stages, suggests a strategic effort by Mondelez to expand its foothold in the competitive confectionery market.

Hershey Lowers Sales Forecast Amid Cocoa Price Surge

5 months ago

In a significant development in the confectionery industry, Hershey Company has announced a revision of its full-year sales outlook. This change comes as a direct result of soaring cocoa prices, which have exerted considerable pressure on the company’s financial performance and profit margins.