Hershey Announces Acquisition of Organic Snack Company LesserEvil
In a strategic move, candy giant Hershey has announced a deal to acquire LesserEvil, a US-based manufacturer specializing in organic snacks. While the financial specifics...
Tag : Hershey
Hershey Begins Search for New CEO as Michele Buck Announces Retirement Plans
In a significant leadership transition, US confectionery and snacks leader Hershey has initiated a search for a new chief executive officer (CEO) following the announcement...
Hershey Faces Key Decisions as CEO Readies for Departure
After two decades at the helm, Michele Buck will step down as CEO of Hershey, transitioning the company beyond its traditional focus on chocolate and...
Hershey Acquires Sour Candy Brand Sour Strips
In a strategic move to bolster its portfolio of sour candies, US snacks leader Hershey has acquired the popular local candy brand Sour Strips for...
Blue Stripes Secures Additional Funding for Whole Cacao Business
Blue Stripes, a company focused on food and beverage industry trends and utilizing the entire cacao fruit, has successfully raised $20 million in a Series...
Private label brands gaining ground over US food volume share
The US food industry continues to see a shift towards private label products over branded consumer foods. According to analysis by US investment bank AllianceBernstein,...
Investors urge chocolate companies to increase pay for cocoa farmers
Global chocolate heavyweights, like Hershey and Lindt & Sprüngli, have been urged by shareholders to enhance cocoa farmer pay in their supply chains. The Investor...
Australia’s Darrell Lea to be auctioned off
Australian confectionery group Darrell Lea is reportedly set to be sold off by owner Quadrant Private Equity. The Sydney-based investor plans to bring the chocolate...
Hershey’s remains mum on cocoa pricing strategy for 2025
Hershey remains silent regarding future cocoa pricing strategies beyond the current year’s hedging contracts as cocoa prices hit record highs. During a discussion of the...
Hershey announces layoffs as it accelerates automation efforts
The US-based confectionery giant Hershey has unveiled a new restructuring plan aimed at streamlining its operations to drive productivity through automating processes. The company has...