Showing category "confectionery" (Show all posts)
Posted by Turgut Ziyal on Wednesday, March 17, 2010,
In :
confectionery
Lindt & Sprüngli revealed that its 2009 fiscal year profits dropped by 35.4% as the economic downturn hit demand for its premium chocolate products. Lindt says that the global economic crisis caused the chocolate market have decline in sales for the first time in ten years. Price conscious consumers also increasingly looked to private label products, Lindt also mentions that the currency fluctuations and higher cocoa prices reduced their profitability.
Looking to the coming year, Lindt fore... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 17, 2010,
In :
confectionery
The gum, mints and breath fresheners market has seen sales increase over 10% since 2007 in the US, despite the recession, according to a research from Mintel. Mintel expects this growth rate to continue through 2014. According to this reaseach, the main reason behind this recession proof characteriscis of gum and mint is their low price point and consumers' wish to have a reward for himself or herself without spending so much.
Mintel also concludes that innovative packaging and unique flavo... Continue reading ...
Posted by Turgut Ziyal on Friday, March 12, 2010,
In :
confectionery
Turkish group Yildiz Holding, owner of food company Ulker and chocolatier Godiva, may hold IPOs for some of its units, the head of the company's investment and business development department said on Thursday. Each unit of Yildiz Holding has an IPO strategy and it would not be a surprise if some of them start an IPO process in coming days, Zeki Ziya Sozen told a news conference.
A statement released before the company's annual performance assessment meeting said food activities created 8.8 b... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 10, 2010,
In :
confectionery
Western companies have succesful trials for product localizations for entering to markets like Japan. Pepsi with cucumber flavored soft drink or McDonalds with Filet-O-Shrimp burgers are good examples. Another good example for product localization is being executed for KitKat by Nestle again in Japan. Being a well known brand as a chocolate, Kitkat now has 19 local flavors originating from different parts of Japan, from miso to soybean these tastes serve to the regional palate. Read the detai... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 10, 2010,
In :
confectionery
Mars Inc has signed a four-year sponsorship deal with the Scottish Football Association in a bid to encourage more adults to play football in Scotland.
The move follows a deal with Mars and the English FA last year and will include media partnerships with The Sun in Scotland and its existing relationship with Talksport. As part of the deal, Mars will become an ‘official partner’ to Scotland until July 2014. The focus of the relationship will be to work with the Scottish FA to encourage foo... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 10, 2010,
In :
confectionery
US chocolatier Hershey has launched new chocolate gifts for the Easter period.
The Hershey range includes three varieties of chocolate bunnies; a 5oz Hershey’s Solid Milk Chocolate Princess Bunny, Hershey’s Cookies ‘n’ Crème Bunnies and Hershey’s Bliss Milk Chocolate Bunnies with a Meltaway Centre.
A Cadbury range, for which Hershey holds the US licence, includes; Cadbury Clucking Bunny Plush Toy with a Cadbury Crème Egg, Cadbury Mini Eggs Candy and Cadbury Caramel Eggs.
In addition,... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
confectionery
Mr.Trevor Bond, Cadbury’s UK managing director, has been handed a new role overseeing Kraft Foods’ European businesses.
Mr.Bond is promoted to president (markets) of Kraft Europe, giving him responsibility for the group’s individual national business units.Kraft’s UK and Ireland MD, Mr.Nick Bunker, takes over the combined UK business of Kraft and Cadbury. They will both report to Kraft European president Mr.Mike Clarke.
Mr.Clarke said retaining Bond reflected the “‘best of both... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
confectionery
Investment funds buying of cocoa futures are forcing cocoa prices up and damaging chocolate makers, the association of German confectionery producers BDSI said on Thursday. "The BDSI condemns the speculative investment by banks and funds in agricultural commodities which the food industry needs for its production," the association said in a statement. "While this commodity is currently at its most expensive level in 30 years, the price competition in German retailing makes it difficult to pas... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
confectionery
Nestle consolidates its Russian chocolate operations. The company will transfer production of its Komilfo and Ruzanna brands, which are currently manufactured in the Ruza district of the Moscow region, to the company’s Perm and Samara chocolate factories. Upon the completion of this project, the Samara’s factory will become one of Nestle's largest chocolate factories. .
Nestle acquired the Komilfo and Ruzanna brands and Ruza confectionery factory in November 2007.
Source: just-food.com ... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 18, 2010,
In :
confectionery
Despite the gloom of the recession that enveloped USA last year, with its impact still being felt, U.S. consumers haven’t given up on chocolate, even as they cut back on other frills and took steps to curtail spending in virtually every way possible, according to a study conducted by Mintel. “Chocolate kept selling through the recession; people kept buying chocolate and eating chocolate,” says Marcia Mogelonsky, senior food and drink analyst at Chicago-based market research company Minte... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 17, 2010,
In :
confectionery
Kraft Foods saw profits more than treble in the final quarter of last year. Profits for the three months to 31 December rose to $710m (£453m), up from $178m for the equivalent period in 2008. Sales for the period grew by just over 3% to $11bn, but improved by just 0.4% on a like-for-like basis. Overall sales for the year fell nearly 4% to $40.4bn, which the company blamed on fluctuations in currency. CEO Ms.Irene Rosenfeld labelled the performance “a strong finish to our three-year turnaroun... Continue reading ...
Posted by Turgut Ziyal on Tuesday, February 16, 2010,
In :
confectionery
Swiss chocolate manufacturers faced sales declines in 2009 spread equally across domestic and export markets, according to Chocosuisse. In a year-to-year comparison, sales revenue dropped 6.4 percent for Chocosuisse, the 18-member association of Swiss chocolate manufacturers. Domestic sales fell 6.9 percent from the previous year while chocolate imported to the country rose 2.7 percent.
Chocosuisse reports it was not able to grow its export business, which it partially attributes to the lowe... Continue reading ...
Posted by Turgut Ziyal on Friday, February 12, 2010,
In :
confectionery
Kraft Foods' purchase of Cadbury is likely to have repercussions throughout the cocoa supply chain as a newly created chocolate giant seeks to drive down costs. The new company will be the top player in the chocolate and confectionery industry by revenue, overtaking Mars-Wrigley. Accordingly, traders and analysts expect it to use its increased clout to achieve promised cost savings. The U.S. food group has targeted annual cost savings of at least $675 million a year.
Cocoa futures on ICE rose ... Continue reading ...
Posted by Turgut Ziyal on Friday, February 12, 2010,
In :
confectionery
Finnish food group Raisio, who owns the Benecol brand, has made a EUR 22.8m (US$ 31.4m) bid to acquire UK snack manufacturer Glisten. The offer values Glisten at EUR1.61 a share, which equates to around 62% more than the UK firm's share price when the market closed yesterday on 9 February. A meeting of Glisten shareholders to vote on the bid will be held on 12 March.
Glisten CEO Paul Simmonds said merging with Raisio will be "the right path for the business to take now.The fit in terms of am... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
confectionery
Candy Industry Magazine has published the top 100 list for the confectionery manufacturers in its February issue. At the top of the list stays Mars Inc, followed by Nestlé, Ferrero, Cadbury and Kraft. Of course if this list to be compiled after the Kraft-Cadbury deal the top player would be the Kraft. The top 15 players are these: 1- Mars Inc., USA 2- Nestlé SA, Switzerland 3- Ferrero Group, Italy 4- Cadbury PLC, UK 5- Kraft Foods Co., USA 6- The Hershey Co., USA 7- Perfetti Van Mell... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
confectionery
Kraft Foods confirmed that it will push ahead with Cadbury's plans to close the Somerdale manufacturing facility in Keynsham, near Bristol. Cadbury had planned to close the Somerdale site and move production to Poland in a bid to cut costs. However, prior to Kraft's takeover of the UK confectioner, it indicated that it hoped to keep Somerdale open. Nevertheless, a week after securing shareholder approval for its acquisition, Kraft said that “extensive talks” with “senior management” ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
confectionery
The Hershey Company today announced sales and earnings for the fourth quarter ended December 31, 2009. Consolidated net sales were $1,407,336,000 compared with $1,377,380,000 for the fourth quarter of 2008. Reported net income for the fourth quarter of 2009 was $126,779,000 or $0.55 per share-diluted, compared with $82,155,000 or $0.36 per share-diluted for the comparable period of 2008.
For the full year 2009, consolidated net sales were $5,298,668,000 compared with $5,132,768,000 in 2008, a... Continue reading ...
Posted by Turgut Ziyal on Thursday, January 28, 2010,
In :
confectionery
As always said, the expected Kraft-Cadbury deal will trigger further changes in the confectionery world. One of such speculations is that Swiss food group Nestlé is likely to set itself a long-term goal to buy Hershey , hoping that market pressures after the Kraft-Cadbury deal will wear down opposition from the controlling Hershey Trust.
It is argued that after Kraft and Cadbury merge, Hershey's main U.S. market will become more competitive and as being a pure confectionery player, Hershey... Continue reading ...
Posted by Turgut Ziyal on Wednesday, January 27, 2010,
In :
confectionery
Since its acquisition by Turkish food manufacturer Yildiz Holding, Godiva Chocolatier has expanded its reach into new distribution channels and markets through premium product innovations featuring its upscale Belgian chocolate. Yildiz Holding, parent company of the privately held Turkish food manufacturer The Ülker Group, had purchased Godiva from Campbell Soup Co. in early 2008 for $850 million.
The acquisition has enabled Godiva to aspire to its full potential, CEO Jim Goldman says, than... Continue reading ...
Posted by Turgut Ziyal on Friday, January 22, 2010,
In :
confectionery
Although Lindt & Sprngli AG experienced 2.3 percent organic growth and expanded its market share in 2009, the Swiss chocolate maker says its 1.9 percent drop in annual sales is indicative of the still-difficult market conditions for premium chocolate. “In view of the challenging situation for premium and luxury products,” read a statement from the company, “this sales growth is a satisfactory result.”
In the U.S., sales demonstrated “above-average development especially in the sec... Continue reading ...
Posted by Turgut Ziyal on Friday, January 15, 2010,
In :
confectionery
The Swiss industrial chocolate manufacturer Callebaut reported a 7.2 per cent increase in sales volumes in the three months prior to 30 November 2009, to 362,973 metric tonnes. Sales in local currencies were up 6.3 per cent, but 1.5 per cent in its reporting currency, to CHF 1,429.1.
CEO Juergen Steinemann expects the company will continue to outperform the market, based on its growth strategy and order book. Barry Callebaut’s three year growth targets through to 2011/12 are for an avera... Continue reading ...
Posted by Turgut Ziyal on Monday, January 11, 2010,
In :
confectionery
Nestle has said its confectionery business has “sufficient size and scale” to allow the company to compete in the sector even if Kraft Foods succeeds in its bid for Cadbury. Speaking to analysts, CFO Jim Singh said Nestle could perform “competitively across the world” in confectionery. “We have 152 products representing 77 brands, that are either number one or number two in their market," Singh said. "So, when you look at our business, we believe we have sufficient size and scale in... Continue reading ...
Posted by Turgut Ziyal on Tuesday, January 5, 2010,
In :
confectionery
Nestlé announced yesterday that pharmaceuticals group Novartis had exercised its call option to buy a 52% stake in Alcon for around US$28bn in cash. Novartis has bought 25% of Alcon in April 2008 for $10.4bn and plans to buy the remaining 23% of the business, offering investors a 12% premium if they agree to exchange their Alcon shares for Novartis ones. The move will cost around $11.2bn
Nestle has also confirmed that it plans to invest GBP15m (US$24.2m) over the next three years to upgrade... Continue reading ...
Posted by Turgut Ziyal on Friday, December 11, 2009,
In :
confectionery
On last Monday, cocoa futures climbed to the highest level since 1985 in London, boosted by speculation that supplies from the world's leading producer Ivory Coast may start to dwindle soon as disease is affecting yields there.
London's March cocoa rose about one per cent, to a peak of £2,249 a tonne. It was similar in New York where the benchmark March cocoa contract crept up $2 to finish at $3,378 per tonne, according to the International Cocoa Organisation (ICCO).
Cocoa production in ... Continue reading ...
Posted by Turgut Ziyal on Monday, December 7, 2009,
In :
confectionery
Nestlé has followed in the footsteps of Cadbury by announcing its flagship Kit Kat chocolate brand will be certified Fairtrade from next year.
The fmcg giant has scored a publicity coup by gaining endorsement from the Archbishop of York, Dr John Sentamu.
“The next step is to make all other produce Fairtrade where possible – in particular my own favourite, the Yorkie,” he said.
“This will depend largely on the Ivory Coast producing the large quantity and quality needed for Nestlé ... Continue reading ...
Posted by Turgut Ziyal on Monday, December 7, 2009,
In :
confectionery
Barry Callebaut's chief executive said in an interview in a Swiss newspaper that the company still aims to dispose of its consumer chocolate business in 2010 following the failure of an attempt to sell to Spanish food group Natra earlier this year.
Barry Callebaut has taken a strategic decision to exit the consumer chocolate business and focus on its industrial operations. But a plan to sell its consumer interests, including the Alprose and Sarotti brands, to Natra in exchange for a 45-49 pe... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 2, 2009,
In :
confectionery
IRI reported flat dollar sales for 2009 Halloween candy sales (officially -0.07 percent). However, overall confectionery dollar sales have increased 3.6 percent for the most recent 52-week period. Halloween candy and gum saw a late spike in sales during the four-week period ending November 1, 2009. However, sales were soft in the early Halloween selling season this year. This would be anticipated in light of the continuing difficult economic climate.
For the most recent 52-week pe... Continue reading ...
Posted by Turgut Ziyal on Monday, November 30, 2009,
In :
confectionery
Data sourced from Hindu Business Line; additional content by Warc staff,
27 November 2009
Cadbury, the confectionary giant, plans to greatly increase its advertising expenditure levels in India, as it seeks to drive growth in the country.
The UK-based firm posted sales of 1,587 crore rupees in the Asian nation last year, and is aiming to improve its revenue levels there by 20% on an annual basis going forward.
Currently, the typical consumer in the rapidly-developing economy eats just 54 grams ... Continue reading ...
Posted by Turgut Ziyal on Thursday, November 19, 2009,
In :
confectionery
The confectionary giant Hershey has launched a new range of travel retail exclusive products including Hershey’s Kisses, Hershey’s Nuggets chocolates and Reese’s and Hershey's Miniatures.
The conical-shaped Hershey’s Kisses will be packaged in multiple variants designed for formal and informal gifts. Four varieties of the product will be offered in both box and pouch packaging. Hershey’s Nuggets chocolates are now being sold in a travel retail exclusive format initially in one v... Continue reading ...
Posted by Turgut Ziyal on Thursday, November 19, 2009,
In :
confectionery
At a time when many consumers are drinking tap water rather than bottled water, shopping at Wal-Mart rather than department stores and eating in rather than dining out, a high-end chocolatier is making over its marketing to better fit in with the new mood.
The Godiva brand of chocolate is introducing a campaign that carries the theme “the golden moment.” The campaign, with a budget estimated at $3.5 million to $4 million... Continue reading ...
Posted by Turgut Ziyal on Thursday, November 19, 2009,
In :
confectionery
Confectionery dollar sales slowed considerably during the four week period ending October 4, 2009. This is a result of industry price increases that took place in the fall of 2008. Current sales beginning with the September period are reflecting the comparison of prices against last year’s higher prices. If you recall, a number of industry price increases took effect in August and September of 2008 due to a run-up in commodity prices which have remained at high levels or are even higher,... Continue reading ...
Posted by Turgut Ziyal on Wednesday, November 4, 2009,
In :
confectionery
Kraft has revealed its 3rd quarter results, its net revenues declined 5.7 per cent to $9.8bn during the third quarter against the same period last year, reflecting both sluggish demand in the US and Europe and Kraft’s decision to discontinue some of its less profitable businesses. Revenues were also hit by the impact of the stronger dollar on revenues from its overseas businesses. The quarterly results mark Kraft’s fourth consecutive quarterly revenue miss.
Only two of its business uni... Continue reading ...
Posted by Turgut Ziyal on Tuesday, November 3, 2009,
In :
confectionery
The Global Food Giant revealed its third quarter results where it reported that the chocolate sector continued to perform well despite the decline in the growth rate in sugar confectionery, it noted that demand was weak in Russia, but many emerging markets, particularly Turkey, India and Chile, delivered strong growth. The group added that its core chocolate brands gained momentum in the US.
The confectionery sector overall recorded sales of CHF 8.2bn (€5.5bn), with nine month sales up ... Continue reading ...
Posted by Turgut Ziyal on Monday, November 2, 2009,
In :
confectionery
The study, whereby a researcher based at the University of Rhode Island (URI), evaluated the effects of chewing sugar-free gum on weight management, was supported by a $25,000 research award from the Wrigley Science Institute and reported to the annual meeting of the Obesity Society in the US this week.
According to Kathleen Melanson, associate professor of nutrition and food sciences at URI, nerves in the muscles of the jaw are stimulated by the motion of chewing and send signals to the ap... Continue reading ...
Posted by Turgut Ziyal on Thursday, October 29, 2009,
In :
confectionery
NCA announces the debut of a new magazine and Web site designed exclusively to meet the needs of candy and snack retailers and wholesalers
The National Confectioners Association has released the premier issue of Candy & Snack TODAY, a new bi-monthly industry magazine serving as the voice of the industry to the retailer, wholesaler and entire customer community.
Candy & Snack TODAY includes features and columns covering success strategies from key professionals in the confectionery and snac... Continue reading ...
Posted by Turgut Ziyal on Monday, October 26, 2009,
In :
confectionery
Confectionerynews.com has published a research about the functional chocolate market. Herebelow I am quoting some basic facts from this research about the size of the market, to read the whole research you can use the links given at the end of this posting:
Chocolate is big business. Market researcher, Euromonitor, puts the market at $100bn and notes the rise of dark and premium chocolate that is boosting the category but remains at little more than a few per cent with the bulk of the growth c... Continue reading ...
Posted by Turgut Ziyal on Friday, October 23, 2009,
In :
confectionery
Andrew Wood, senior research analyst at Bernstein, maintains that management at the confectionery giant has successfully laid out its hand in its Q3 interim statement, to demonstrate how attractive Cadbury is, both to its own shareholders and to Kraft.
The confectionery manufacturer said that 2009 revenue growth was now expected to be around the middle of its four to six per cent goal range with improved momentum increasing its confidence for good revenue growth in 2010 and 2011.
The resu... Continue reading ...
Posted by Turgut Ziyal on Tuesday, October 20, 2009,
In :
confectionery
19 October 2009| Source: just-food.com
Cadbury, currently under siege from a Kraft takeover bid, is gearing up to deliver one of the most crucial interim management statements in the company's history this week.
Last month, Cadbury's board rejected a GBP10.2bn (US$16.63bn) initial approach from Kraft and the UK confectioner will likely be hoping to deliver a defensive showing when Cadbury unveils its third-quarter numbers on Wednesday (21 October).
Indeed, accordi... Continue reading ...
Posted by Turgut Ziyal on Tuesday, October 20, 2009,
In :
confectionery
Kraft may look to sell its brand Maxwell House to generate a higher offer to Cadbury, the world's second largest confectionery group, claim media reports.
According to the New York Post, the US manufacturer, which has three weeks left to table a formal offer for the UK confectioner, said it was considering a sale of the well know coffee brand to finance an increased bid.
The newspaper added that Kraft, according to sources close to the situation, were in negotiation to sell Maxwell Ho... Continue reading ...
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About This Blog:
| getfoodnews |
| Turgut@Getfoodnews.Com |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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