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The Latest Breaking News from Mondelez

Cadbury pulls popular item days before Christmas and issues warning

The chocolate giant has issued a warning about one of its most popular items

Liverpool Echo

Shoppers slam 'vile' Cadbury's Milk Trays as it's pulled from shelves over taste concerns

Customers say the popular festive treat "tastes like chemicals" and have warned others away from buying it this Christmas as Mondelez confirmed certain products have been withdrawn

Daily Mirror

Mondelez selling part of its gum business for $1.35B

Mondelez said the sale brings it closer to its goal of shifting more resources to its chocolate, biscuit and baked snack brands.

Chicago Sun-Times

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Snack food giant Mondelez to sell its gum business, including brands like Trident

Chicago-based snack food giant Mondelez International will sell its gum business, which includes brands such as Trident, Chiclets and Bubblicious, to the European gum and confectionary maker Perfetti Van Melle Group for $1.35 billion, the company said in a news release Monday.

Chicago Tribune

Mondelez and Accenture executives explain how companies can become 'A.I. achievers'

Having a transparent and fair system for responsible A.I. "is extremely critical."

Fortune

Screen Of The Day: Food Stock Lifts Into Buy Zone On Rising Profits

Oreo cookie and Clif Bar maker Mondelez is featured in the IBD Rising Profit Estimates screen. The food stock hit a buy point on its chart.

Investors Business Daily

World's Largest Hedge Fund Saw 32% Returns First Half Of 2022 — Check Out 3 Dividend Stocks Recently Purchased

Bridgewater Associates was founded in 1975 and has over $223 billion in assets under management, making it one of the world’s largest hedge funds.

Benzinga

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Mondelez's Enjoy Life Recalls Select Bakery Products - Read Why

Mondelez International Inc (NASDAQ:MDLZ) owned Enjoy Life Natural Brands LLC has issued a voluntary recall of a limited quantity of a select list of baked snacks products. The recall is a precautionary move due to the potential presence of hard plastic pieces in the products. Also Read: Oreo Owner Mondelez Buys Nutritious Energy Bar Maker Clif…

Benzinga

Salmonella shuts down world's biggest chocolate factory that supplies Nestle and Hershey

The Belgian-based Barry Callebaut factory - which produces chocolate for Hershey, Mondelez, Nestle and Unilever - has suspended operations after salmonella bacteria was found in its factories

Daily Mirror

Salmonella halts production at 'world's largest' chocolate factory

The huge chocolate factory supplies products to global brands including Hershey, Mondelez (who own Cadbury) and Nestle.

The National (Scotland)

What The Choc: Swiss Legend Toblerone Slopes Off To Slovakia

The iconic triangular chocolate bars made by Toblerone will soon no longer be produced exclusively in Switzerland.

Zenger

Mondelez to reopen war-damaged potato-chip plant outside Kyiv

Mondelez International Inc plans to reopen a potato-chip plant on the outskirts of Kyiv next week which was closed following Russia's invasion of Ukraine, a spokeswoman said.

Reuters

Toblerone loses Swiss exclusivity as production shifts east

ZURICH: Toblerone maker Mondelez will shift some production of its iconic triangular chocolate bars to Slovakia from Switzerland at the end of next year, citing strong growth and the need to boost capacity.

Bangkok Post

Snack food giant Mondelez will acquire Clif Bar & Company for $2.9 billion

Chicago-based snack food giant Mondelez International said Monday it has agreed to acquire Clif Bar & Company, the California-based maker of Clif, Clif Kid and Luna brand energy bars.

Chicago Tribune

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Dublin Live

Teddy’s Ice Cream fear their may be a Flake shortage this summer

Cadbury made its 99 Flakes in Dublin for years, but recently a bulk of its production moved to Egypt

StockNews.com

Better Buy: Mondelez vs. Hershey

Rising demand and worsening supply chain disruptions are leading to rising food prices. Relatively inelastic demand for the products manufactured and sold by Hershey (HSY) and Mondelez (MDLZ) should help them benefit by passing on the rising input prices to their customers. But which of these two stocks is a…

Chicago Sun-Times

Kraft, Mondelez agree to $16 million penalty over wheat trading

The long-running case involves charges that the companies sought to manipulate prices in 2011.

Investors Business Daily

Nasdaq Leads Downside While S&P 500 Hits Fresh 2022 Low Amid Market Sell-Off

The Nasdaq led the downside while the S&P 500 fell more than 2% intraday to set a fresh low of just under 4,000 for 2022.

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Benzinga

Indonesia's Cooking Oil Export Ban Pumps Up Palm, Soyabean Oil Prices

Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders gear up Indonesia's export halt till the domestic cooking oil prices ease, Bloomberg reports. The policy has agitated the global $50 billion palm oil market as Indonesia initially said it would ban all exports of cooking…

Benzinga

Mondelez Agrees To Acquire Confectionery Company Ricolino For $1.3B

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking. Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Wales Online

Then and now: How the cost of a Freddo has changed since 2000

Long gone are the days of spending your pocket money at your local shop and being able to purchase a weekend's worth of sugar

Edinburgh Live

Dairy Milk to shrink chocolate bars - but cost to remain the same

Chocolate lovers, we have some sad news for you - you may have heard the news that Daily Milk are set to change their chocolate bars but don't expect any lower prices

Liverpool Echo

Cadbury fans threaten boycott after change to Dairy Milk bars

One disappointed shopper said: "Cadbury has shrunk the size of a dairy milk bar??? Tragic."

Daily Record

Cadbury reduces size of Dairy Milk share bars - but price stays the same

Parent company Mondelez blamed the reduction on rising productions costs.

The Guardian - UK

Cadbury family-size Dairy Milk bars get 10% smaller but price stays the same

US parent Mondelez blames higher production costs and inflation as 200g bar shrunk to 180g

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