chocolate

Record Cocoa Prices Drive Innovations in the Chocolate Industry

3 days 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.

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 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.

Mondelez Makes Sweet Moves: Invests in Cell-Based Cocoa Startup to Revolutionize Chocolate Production

18 days ago

In a significant move aimed at redefining the chocolate industry, Mondelez International, the multinational snacking giant known for its iconic brands like Oreo and Cadbury, has announced a strategic investment in a pioneering startup that specializes in cell-based cocoa production. This investment underscores the increasing demand for sustainable and alternative sourcing methods within the food sector, marked by growing consumer interest in environmentally-friendly products.

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.