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...Goudet then turned his attention to petcare, a sector in which rival Mars had a major presence, with the acquisition of two veterinary hospital chains....
...The former head of Mars’ petcare division said it was looking to both organic growth and acquisitions to double sales from last year’s $45bn....
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...“We know our brand resonates with consumers overseas, but operational supply chain challenges have held us back,” said Thirlwell....
...But should the company see the appointment of its former petcare chief as bad news for the Mars Bar and Wrigley?...
...“It’s the performance that holds us all to account.”...
...As US Treasury secretary Janet Yellen points out, it is possible to disagree with China without being disagreeable....
...The world’s richest man aims to use his rocket-building company SpaceX to eventually colonise Mars. “If I over-allocate time to Tesla . . ....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Trott stuff Byron Trott, perhaps the most successful investment banker of his generation, has helped Buffett, the Pritzkers, the Waltons, and the Mars families....
...If we had to boil it down to one thing, it’s Elon Musk’s desire to colonize Mars. In the process, many of these projects may change how we live life on earth....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...“Yet sometimes it feels easier to fund Mars exploration than to clean up water here on our own rock.”...
...The US wants China to remain a tech consumer while cutting it out of the supply chain and imposing sanctions....
...Not even on Mars, Elon Musk,” she warned the billionaire in her maiden speech in October....
...The Romans gave us underfloor heating and the oculus; we offer crumbling concrete, microplastics and an avalanche of Nespresso pods....
...The announcement of his planned handover to Poul Weihrauch, head of Mars’ petcare division, extended that trend, revealing that the group’s annual revenues had grown by more than half in Reid’s time as CEO...
...The privately owned US company — whose brands also include M&M’s and Maltesers — created an emerging markets division within its snacks business in 2019....
...It’s fine for us though....
...Aspartame is among the most widely used artificial sweeteners in food and drink, found in products from low-sugar carbonated drinks such as Diet Coke, Fanta Zero and Diet Pepsi to Mars’ Extra sugar-free...
...(DD feels quite snubbed that they never reached out to us.)...
...Poul Weihrauch, who currently runs Mars Petcare, will take over as chief executive at the end of September, the company announced on Wednesday, with Reid retiring at the end of the year....
...Mars faces the same cost pressure as competitors. Its extent is unknown. As a US private company, its disclosure requirements are low....
...You know how to find us. One good read A good case against sending people to Mars. Thanks to Tyler Cowen for the pointer....
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