Hershey

JPMorgan Chase Welcomes Hershey's Michele Buck to Its Board of Directors

11 days ago

In a significant move for both JPMorgan Chase & Co. and the Hershey Company, Michele Buck, the chief executive officer of Hershey, has been appointed to the board of directors at JPMorgan. This announcement came in early December 2024, marking a strategic addition to the banking giant's governance, reflecting its commitment to enhancing diversity and bringing in fresh perspectives.

Mondelez's Ambitious Move to Acquire Hershey Foiled: Here's What Happened

11 days ago

The candy industry was abuzz recently with the potential takeover of Hershey, one of the most iconic names in chocolate, by Mondelez International, a major player in the global snack market. However, what initially appeared to be a promising deal has been abruptly blocked, leaving analysts and investors pondering the implications of this decision.

Hershey's Owner Dismisses Mondelez's Acquisition Bid as Insufficient

12 days ago

In a significant development within the confectionery industry, the main owner of Hershey, the iconic chocolate company, has reportedly turned down an acquisition offer from Mondelez International. Sources indicate that Hershey's owner deemed the proposal too low, signaling a strong stance against consolidation efforts in the sector.

Mondelez Greenlights Massive $9 Billion Stock Buyback Following Hershey Acquisition Reports

12 days ago

In a strategic financial move that underscores the confidence in its market position, Mondelez International has approved a substantial $9 billion stock buyback program. This decision comes on the heels of heightened speculation surrounding potential acquisitions in the snack foods segment, particularly a significant interest in Hershey, one of the leading chocolate manufacturers in the United States.

Mondelez Sets Its Sights on Hershey: A Sweet Opportunity Awaits

12 days ago

In a bold move that has captured the attention of the confectionery world, Mondelez International (MDLZ) is reportedly eyeing another attempt to acquire Hershey, the iconic chocolate and candy maker. This renewed interest comes at a time when the merger and acquisition landscape is vibrant, and Mondelez sees substantial benefits in bringing Hershey under its expansive umbrella.

Mondelez's Proposed Acquisition of Hershey Could Redefine the Confectionery Landscape in 2024

13 days ago

In a surprising move in the confectionery market, Mondelez International has set its sights on acquiring Hershey, a deal that analysts predict will be the largest merger within the sector for 2024. This ambitious takeover is poised to reshape the candy, chocolate, and snack industry while bolstering Mondelez's portfolio with Hershey's iconic brand offerings.

Sweet Changes: Hershey Executive Returns to PepsiCo After Brief Tenure

13 days ago

In an unexpected turn of events, a Hershey executive, who recently took on a role at PepsiCo, has departed from the snack and beverage giant after only three months. This rapid transition has sparked conversations about the challenges executives face in adjusting to new leadership positions, especially in a fast-paced industry like consumer goods.

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

14 days 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

2 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.

Hershey Faces Decline in Chocolate Sales as High Prices Take a Toll

3 months ago

Hershey Co. grapples with keeping chocolate sales afloat amid soaring prices. An analyst has rated the stock a Sell after the tough environment brought on by increased costs and decreased demand.