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Top related persons:
Mondelez - 2 “ - 2 Dirk Van de - 1 LSEG’s - 1 ” - 1 London CNN — Mondelez - 1 Margrethe Vestager - 1 Mark Thompson - 1
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Ukraine Europe Trostyanets Russia Oreos Georgia Kazakhstan Ukrainian
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Cadbury - 3 CNN - 1 Nestle - 1 Milka - 1 Norges Bank - 1 London CNN - 1 Union - 1 European Commission - 1

Search resuls for: "Mondelez’s"


4 mentions found


☆ Ukraine’s Oreo production is back in business after Mondelez repaired its war-damaged factory
  + stars: | 2024-05-31 | by ( ) edition.cnn.com   time to read: +2 min
Mondelez’s plant in Trostyanets is now fully rebuilt after opening partially last year to make chocolates, according to a company statement. The company said the Oreo cookies and other chocolates produced at the Ukrainian factory are not being exported to neighboring Russia. Mondelez said it was making its business in Russia “stand-alone” with a self-sufficient supply chain by the end of 2023. “We continue to increase our investments in supporting and rebuilding Ukraine,” the company said in the statement. Norges Bank, Mondelez’s 11th-largest shareholder according to LSEG’s Eikon, backed the proposal, according to the fund’s disclosures.
Persons: Mondelez, “, Dirk Van de, LSEG’s, ” Organizations: CNN, Nestle, Reuters, Milka, Cadbury, Norges Bank Locations: Ukraine, Trostyanets, Russia, Europe, Oreos, Georgia, Kazakhstan, Ukrainian, Mondelez’s
☆ Oreo-maker Mondelez fined $366 million for rigging European markets
  + stars: | 2024-05-23 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +2 min
London CNN —Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high. Margrethe Vestager, the EU’s competition chief, said in a statement Thursday that Mondelez had illegally limited cross-border sales within the EU to maintain higher prices for its products. The European Commission, which started looking into the case in 2019, found that Mondelez International (MDLZ) had deliberately restricted cross-border trade and abused “its dominant position” in some national markets for the sale of chocolate bars. Mondelez made an accrual for the fine last year and no further measures will be necessary to finance it. In another case, Mondelez required a customer to charge higher prices for exports compared with domestic sales.
Persons: London CNN — Mondelez, Margrethe Vestager, Mondelez, “, Mark Thompson Organizations: London CNN, Cadbury, Union, European Commission, Mondelez International, EU Locations: Netherlands, Belgium, Germany, Austria, Bulgaria, Romania
☆ Oreo maker increases growth forecast thanks to demand for sweets
  + stars: | 2023-07-27 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +1 min
New York CNN —The maker of Oreo and Cadbury Dairy Milk chocolate is thanking an increased demand for sweets in the first half of the year for its positive forecast, Mondelez (MDLZ) International said in its second quarter earnings call Thursday. It expects a 12% organic net revenue growth compared to an analyst estimate of 10%, driven in part by high demand for its snacks offsetting the high cost of goods. It’s their second quarter in a row of growth. In the second quarter, net revenue increased 17% to $8.51 billion. It’s notable there was strong demand for snacks as extreme weather, the war in Ukraine, avian flu and higher costs along the supply chain increased global food prices.
Persons: It’s Organizations: New, New York CNN, Cadbury, Ritz, LU Locations: New York, Chicago, Ukraine, Europe, China, Clif
☆ Toblerone forced to replace iconic Matterhorn on packaging
  + stars: | 2023-03-06 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
The peak-shaped treat made with honey and almond nougat will also lose the iconic Matterhorn mountain from its packaging after Mondelez (MDLZ), which makes Toblerone, decided to shift some manufacturing to the Slovakian capital of Bratislava. “For legal reasons, the changes we’re making to our manufacturing mean we need to adjust our packaging to comply with Swissness legislation. We have removed our Swissness claim from the front of the Toblerone pack and changed our description ‘of Switzerland’ to ‘established in’,” a Mondelez spokesperson told CNN. Mondelez’s new packaging includes “a distinctive new Toblerone typeface and logo” and the signature of Theodor Tobler, the spokesperson added. Tobler created the chocolate bar in 1908 together with his cousin Emil Baumann, according to the Mondelez website.
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