Hershey

A Sweet Deal? Ferrero's Nestlé Purchase Signals Shift In US Candy Market

After months of talks and speculation, Nestlé has agreed to sell its US confectionery unit to Nutella-maker Ferrero for $2.8 billion. This is a b...

Race To Acquire Nestlé's US Confectionery Business Continues

The battle for Nestlé's US confectionery business is ongoing, with a number of companies said to have made bids for the candy unit in recent days....

Campbell, Hershey Bet That Salty Snacks Will Reignite Slow Sales

In a packaged-food industry suffering from weak demand and shifting consumer tastes, there’s still one safe bet: salty snacks. Potato chips, popco...

Hershey To Buy Amplify Snack Brands For $1.6 Billion

Hershey is expanding further beyond chocolate, agreeing to buy the owner of Tyrrell’s potato chips and SkinnyPop popcorn for $1.6 billion, including...

Hershey Sees Marginal Sales Growth In Second Quarter

US confectionery company Hershey has reported that net sales increased by 1.5% to $1,663 million during the second quarter of 2017. This gives the compa...

China Orders Hershey-Lotte Candy Factory To Halt Operations

Lotte Shanghai Foods, a joint venture between Hershey Co. and South Korea’s Lotte Group, has been told by Chinese authorities to stop production at i...

With Hershey Deal Dead, Mondelez Keeps Earnings Up With Cuts

After an unsuccessful bid to acquire Hershey Co. earlier this year, Mondelez International Inc. is back to its previous playbook: using cost cuts to fuel e...

Hershey CEO Bilbrey Preparing To Step Down, Reuters Reports

Hershey Co. Chief Executive Officer John Bilbrey is preparing to step down by next summer, the Reuters news agency reported, citing unidentified people fam...