In light of recent backlash from Sweden and Norway, Mondelez issued a statement saying it is further reducing its activities in Russia. In addition to scaling down operations, Mondelez now says it plans to have its Russia business as a stand-alone operation by the end of the year.
With mounting boycotting of Mondelez products in Norway, Coop Norge, the country’s second biggest retailer, seeks clarifications on the matter from the Ministry of Industry, before taking its own decision in this regard.
Mondelēz International reported its Q1, 2023 results, with an increase of 18.1% revenue increase driven by Organic Net Revenue growth of 19.4%, and incremental sales from the company’s 2022 acquisitions of Clif Bar and Ricolino. Gross profit increased by USD 463 million.
Mondelēz International formally opened its new Global Research & Development (R&D) Innovation Center in Whippany, New Jersey. The facility, which is supported by an investment of nearly USD 50 million, includes pilot and scale-up capability for cookies, crackers and candy.
Mondelez will expand its sustainable wheat cultivation program, Harmony, to increase the share of sustainably produced biscuits in Hungary, in the Székesfehérvár factory.
After two years of online meetings, the European Chocolate, Biscuit and Confectionery Association (CAOBISCO) held its General Assembly in Ghent, Belgium.
Snacking is preferred over traditional eating occasions for third consecutive year, according to the consumer trends study published by Mondelēz International. The company issued its annual State of Snacking report on year-over-year insights.
