All articles tagged with #confectionery
Hershey plans to implement a double-digit price increase across its confectionery products due to rising cocoa costs, which have been affected by supply issues in West Africa, although cocoa prices have recently fallen from record highs.
Ferrero, the Italian maker of Nutella, is acquiring American cereal giant Kellogg for $3.1 billion, uniting two iconic brands amid changing consumer habits and market challenges. The deal aims to expand Ferrero's presence in North America and will undergo regulatory reviews.
Mondelez is reportedly considering an offer to acquire Hershey, potentially creating one of the largest candy companies globally. This news, reported by Bloomberg, led to a nearly 15% increase in Hershey's stock. While Mondelez and Hershey have not confirmed the discussions, a merger would combine popular brands like Oreo, Cadbury, KitKats, and Reese's. This potential deal comes amid a trend of major acquisitions in the food industry, driven by changing consumer habits and economic pressures.
Ferrara, the Chicago-based confectioner, has discontinued the iconic Fruit Stripe gum after more than 50 years, citing changing consumer preferences and purchasing patterns. Known for its short burst of flavor, the rainbow-colored gum with wavy zebra stripes and five different flavors has sparked nostalgic tributes on social media. Despite its disappearance from store shelves, consumers may still find remaining inventory in stores, while some are turning to online platforms like eBay to purchase the discontinued gum and related paraphernalia.
The largest candy shop in New England has celebrated its grand opening. The store, located in Massachusetts, offers a wide variety of confectionery products, including chocolates, gummies, and nostalgic candies. The owners hope to create a fun and unique shopping experience for customers of all ages.
A new sweet shop, touted as the largest in New England, is set to open in Wiscasset, Maine, filling the void left by the closure of Big Al's. The confectionery will offer a range of sweets, including fudge, chocolates, and ice cream, as well as a selection of gifts and souvenirs. The owners hope to attract both locals and tourists to the store.