Oreo, introduced by the Cadbury maker in 2011, was positioned in the premium biscuits category but launched with an aggressive entry price of Rs 10 a pack, making it accessible to most Indian households.
Hershey Trust Co., which has roughly 80% of the voting power at the company, turned down the bid as too low, said the people, who declined to be identified
Mondelez, formerly called Kraft, is one of the world's largest producers of chocolate, biscuits and coffee, with revenue of $36 billion last year
A page called r/shrinkflation on Reddit featured Oreo fans’ woes. A user shared a video of the cookie sandwich and split one in half showing a thin layer of cream. "Oreos have way less cream now?" they questioned.
Jain, who will join the company in August, takes over from Deepak Iyer who has been elevated to EVP and President, Asia Pacific, Middle East, and Africa (AMEA) region effective June 5, 2023, Mondelez said in a statement.
A major controversy had broken out around Bournvita when a now-deleted video by a social media influencer, that claimed that Bournvita uses ingredients that, if consumed on a daily basis, could lead to diabetes, went viral. The video also showed that one of the ingredients, a colouring agent in the product, could cause cancer.
With its ham-handed response, which does nothing to debunk the issue that was raised — ‘high level of added sugar’ — Cadbury only gave fresh legs to the controversy around Bournvita being a possible health hazard
"What we've seen recently since the change on Twitter has been announced, is the amount of hate speech increase significantly," Van de Put said. "We felt there is a risk our advertising would appear next to the wrong messages.
The emerging employee activism comes on top of Ukraine's repeated appeals to Western companies to go beyond current sanctions and cut all commercial ties with Russia, with the mayor of Kviv calling such payments to Moscow "bloody money".
The ad for Dairylea cheese, a brand of US snacks giant Mondelez, had been shown on British video-on-demand services in August last year.
Ogilvy’s Piyush Pandey and Anil Viswanathan of Mondelez talk about the original’s enduring appeal and remaking ‘Kuch khaas hai zindagi mein’ for a new world
The centre has been set up with an investment of $15 million and it is the tenth technical centre around the world.
In the absence of quality manufacturers of Extrusion Coating/Lamination machines in India, responding to an ever increasing demand from the Convertors‘ fraternity, India‘s largest multinational flexible packaging materials and solution company Uflex had launched Extrusion Lamination Machine EL-1300 in India, last July.
Food regulator FSSAI today asked corporates to actively involved in the efforts to spread the message of food safety and nutrition in the country.
Mondelez International, which makes Cadbury chocolates, has invested around USD 15 million to build a global Research, Development and Quality (RDQ) hub in neighbouring Thane.
CNBC-TV18's Jude Sannith travelled to the plant to find out how this will give the company's 'Make in India' plan a whole new flavour.
CVC sources said today the anti-corruption watchdog is also looking into the role of central and state government officials who might have facilitated the alleged evasion.
In the filing made with the SEC, Mondelez International said the investigation under the Foreign Corrupt Practices Act (FCPA) relates to a facility in India which it had acquired as part of the Cadbury takeover.
The top ten spenders during 2015 were Hindustan Unilever, Amazon, Procter & Gamble, Flipkart, Maruti Suzuki, Mondelez, Godrej Consumer, ITC, Snapdeal and Reckitt Benckiser.
India's largest global flexible packaging company Uflex has registered 38% growth in its consolidated net profit for Q3 FY ...
Uflex Limited has been conferred with the Export Award in the Metalized Polyester Film category by ‘The Plastics Export Promotion ...
U.S. Pre-Market Top Movers of the Day - Keurig, Tesla, Mondelez
A decade-long battle with minority shareholders has not dented the appetite of erstwhile Cadbury India, now Mondelez India, from making big-ticket investments here.
Mondelez, the global snacks group, is rolling out bite-sized squares of chocolate that cost just 10 cents and single portions of candy across parts of western Europe, as manufacturers downsize for cash-strapped consumers using techniques that are more usually found in emerging markets.