Ivory Coast and Ghana are cancelling all cocoa sustainability schemes that U.S.-based Hershey runs in their countries, accusing the chocolatemaker of trying to avoid paying a cocoa premium aimed at combating farmer poverty. In a letter addressed to Hershey and seen by Reuters, the Ivorian and Ghanaian cocoa regulators accuse Hershey of sourcing unusually large volumes of physical cocoa on… Read more »
The chocolate heaven that already exists on Earth is about to get even better. You know Hersheypark? The theme park with more than 70 rides, a water park, and a zoo?? Just when you thought they couldn’t make things any better, they went ahead and announced that next year they’re opening “Chocolatetown,” which is exactly what you’re imagining and MORE…. Read more »
If you want to visit America’s best-known chocolate-themed amusement park and America’s oldest brewery, only one state can offer all of that excitement: Pennsylvania. The cities of Hershey, home to the iconic candy company, and Pottsville, home to the Yuengling Brewery, are only about 45 miles apart, but despite both brands’ history dating back to the 19th century, chocolate and… Read more »
Hershey Netherlands B.V., a wholly-owned subsidiary of The Hershey Co., has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. The transaction is the latest in a series of investments Hershey has made in China in recent years. In May, the company opened its Asia Innovation Center in Shanghai.
The retail experience of Hershey’s brand is set to open on the famed Las Vegas Strip this winter. The two-story store will boast an immersive shopping experience filled with the brands guests love: Hershey’s, Hershey’s Kisses, Reese’s, Ice Breakers, Jolly Ranchers, Twizzlers and more.
Hershey’s second-quarter net income fell 35% because of charges for restructuring and to write down the value of a joint venture in India. However, revenue still rose as the company sold more in terms of volume on the back of raised advertising spending