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...Investors should not underestimate Americans’ taste for junk food and Hershey’s continued success....
...Kraft Heinz, General Mills and Hershey all said they would look to drive growth through acquisitions....
...Investors have soured on some confectioners, including US chocolate maker Hershey, which has struggled to offset its soaring costs....
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...Hershey warned in February that cocoa prices would limit earnings growth this year, as it reported a 6.6 per cent drop in sales in the fourth quarter of 2023. Additional reporting by Laurence Fletcher...
...Elsewhere, examples include Sweden’s Wallenberg empire, India’s Tata conglomerate, the UK’s Associated British Foods, Switzerland’s Rolex and California’s Patagonia....
...Big chocolate companies have been shaking up their portfolios as consumer demand grows for healthier and more sustainably sourced options and governments crack down on unhealthy foods....
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...Big food companies are taking an interest in such practices, and not just for ecological reasons....
...This time last year, we used the Domino’s food item expenses listed in the company’s DEF14A proxy filings to calculate roughly how much pizza its leadership was snaffling: the results were both mind-boggling...
...French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive, marking the latest spat between food manufacturers and retailers over high food prices...
...This customer had been waiting an hour and a half for his food. He was a lot less sympathetic than the first one. “I tried to explain but he just grumbled at me and took his food,” Samii recalled....
...The ebullient Jean-Charles Boisset of Burgundy arrived at Raymond in 2009, Chanel Inc bought St Supéry in 2015 and the next year the Tesserons of Ch Pontet Canet in Bordeaux bought Robin Williams’ winery...
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15 years after he quit drinking, Nick Johnstone found himself a surprising new hobby
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