Hershey hired advisors to help it respond to the interest, said one of the people. Mondelez made the approach shortly after Hershey reported third-quarter earnings that missed analyst expectations last month, said the person. …
In a move that highlights the growing shift toward healthier bakery options in the UK, Oreo cookies maker Mondelēz International has made a first minority investment in local startup, Urban Legend, through its venture unit SnackFutures. Financial details were not disclosed. …
U.S. Congressman Josh Gottheimer (NJ-5) outlined steps he’s taking in reaction to the announcement that Mondelez, an American multinational food and beverage company with an annual revenue of more than $25 billion, is likely closing its Fair Lawn bakery manufacturing plant, which could impact approximately 600 employees. …
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