Consumer Reports (CR), a US independent, non-profit member organisation, has doubled down on its campaign against lead and cadmium in chocolate and urges changes after a new survey finds a third of products contain ‘concerning’ levels of heavy metals.
Charity calls for ‘Big Chocolate’ to pay more to Ghana’s cocoa farmers after it revealed that their net incomes have fallen on average by 16% since 2020, with women’s incomes falling by nearly 22%.
The Hershey Company has filed a patent application covering the substitution of dairy solids with roasted grain flour, which it says yields ‘improved organoleptic and rheological properties’ over known dairy-free chocolates.
The global confectionery giant said it will invest in renewable energy and land-use initiatives, target 100% of its plastic packaging to be recyclable, reusable or compostable by 2030 and announced a no-deforestation policy.
Chocolate and confectionery maker The Hershey Company reached a milestone in its CSR strategy in January when 100% of the cocoa it sources was certified sustainable. FoodNavigator speaks to the company’s director of global sustainability and social impact...
The Rainforest Alliance Network (RAN) has published a report alleging a raft of FMCG giants and secondary traders continue to use palm oil grown illegally in the Aceh region of Indonesia, in contravention of their own deforestation policies.
How can you get more bang for your R&D buck? How does Unilever gain deeper consumer insights online? Why don’t manufacturers share more information with key suppliers?
Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
Chocolate giants Hershey and Barry Callebaut, have teamed up for a
landmark partnership which will see the Swiss cocoa producer
providing the raw material for Hershey's chocolate products and
expanding facilities in South America.
Iconic chocolate and snacks brand Hershey has announced
disappointing sales figures, but posted a seven per cent rise in
quarterly profit as the company works on product innovation and
cost minimisation.
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
Wall Street analysts and bankers generally dismiss the idea that a
multibillion-dollar sale of Hershey Foods could be killed by local
opposition in Pennsylvania. But legal experts are not so sure.
Shares in food giant Nestle jumped 2.8 per cent on Wednesday as
investors bet a US court would intervene in the sale of Hershey
Foods, reducing the odds that Nestle would overpay for the
chocolate icon.
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
Nestle believes it will walk away with lucrative US rights to its
KitKat brand whether or not it wins a takeover battle for American
chocolate icon Hershey because of a deal dating back to 1970,
reports Reuters on Thursday.
Food conglomerate Nestle has emerged as the favourite to win a
multi-billion auction for American chocolate icon Hershey Foods
although investors took a cautious approach to reports a firm offer
was already on the table.
Swiss food group Nestle on Friday declined to comment on market
talk it might want to buy US confectionery maker Hershey, but said
it would be keen on regaining its top-selling Kit Kat brand in the
United States.
The planned sale of Hershey Foods is expected to come under fire on
Friday from a broad coalition of the confectionery maker's hometown
neighbours, including workers, politicians, reform activists and
ordinary citizens.
US confectionery group Hershey Foods on Tuesday sweetened its
second-quarter earnings forecast amid cost cutting and anticipated
demand for the Halloween and back-to-school seasons, reports CBS
Marketwatch.
Hershey Foods Corp. announced it acquired Brazilian chocolate and
confection maker Visagis, which will give the US chocolate maker a
manufacturing presence in South America.
