Hints and tips:
...It trades at just 26 times forward earnings, a steep discount to Swiss chocolate maker Lindt and British chocolatier Hotel Chocolat....
...Mondelez, the confectionery and snack group spun off from Kraft Foods, which owns Cadbury chocolate and Oreo cookies, is a convert to the trend....
...Rhône Capital, the US-based private equity group, has placed a binding offer to acquire Nestlé’s US confectionary business, joining a $2.5bn race that includes Italy’s Ferrero and The Hershey Company....
...This Night of Hope took place at the Giant Centre in Hershey, Pennsylvania — the home of American chocolate. The sermon he was about to give turned out to be as candied as anything the town produces....
...It said the programme will entail investments in its core confectionary business — which includes such sweet treats as Hershey chocolate bars and Reese’s Peanut Butter Cups — finding new on-trend opportunities...
...“Chocolate Town”, which industrialist Milton Hershey built in the early 1900s near his birthplace, represents what many feel they have lost....
...US confectionary maker Hershey “unanimously” rejected a $23bn bid by rival snacks and candy group Mondelez International on Thursday....
...He grew up near Hershey, Pennsylvania, where his father worked for a time at the chocolate company....
...Hershey’s....
...When Hershey’s, the chocolate maker, implemented a new ordering system, it ended up missing out on a whole Halloween of sweet sales, worth $100m....
...Ms Lash said that Hershey is betting that consumers will not shy away from more expensive chocolate because traditionally they downsize from jumbo bars to smaller snacks when times are tough....
...The Corporation’s rights under these agreements are extendible on a long-term basis at the Corporation’s option....
...Hershey rejected a bid from Nestlé in 2002, but JPMorgan said a deal would make sense as the fragmented global chocolate industry required consolidation....
...Over the summer, Hershey was again cited as a possible partner for Cadbury, following the UK company’s decision to focus exclusively on its confectionary business....
...Similarly, the prospects of a bid emerging for its confectionary side remain slim, in spite of helpfully timed comments on Tuesday from the trust that controls US chocolate maker Hershey....
...Snickers, Hershey bars, M&M’s, After Eights, Toblerones. Lots of Toblerones.”...
...Demand for cocoa from chocolate manufacturers has been rising as large companies such as Hershey and Cadbury Schweppes produce more dark chocolate (which contains greater amounts of cocoa than milk chocolate...
...Revenues at the Americas Confectionary division were 7 per cent higher at over £1.3bn. Asia-Pacific revenues rose 7 per cent to over £1.2bn....
...Cadbury Schweppes, the confectionary group, rose 1.2 per cent to 560½p despite a shock profit warning from US chocolate maker Hershey’s....
International Edition