Tag Archives: Kraft

Kraft, Mondelez to pay $16m penalty in wheat price manipulation case

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The US Commodity Futures Trading Commission (CFTC) has announced that American food companies Kraft Heinz and Mondelez International will have to pay $16m as penalty over a wheat manipulation case dating back to 2015. This penalty is allegedly valued to be three times the profit made by the two companies. Mondelez and Kraft Heinz, which operated as Kraft Foods until… Read more »

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Kraft to split its snacks and grocery businesses

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Eighteen months after buying Cadbury- the European candy maker-, Kraft Foods has announced that it is to split into two companies by separating its North American grocery business from its global snacks enterprise.

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Kraft v.p. gives sodium-reduction strategies

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A product’s sales volume will affect how much emphasis Kraft Foods Inc. places on reducing the product’s sodium content, said Richard Black, vice-president of global nutrition. For example, reducing sodium content by 15 mg in a product with 100 million lbs in annual sales would have more overall impact than by reducing sodium content by 200 mg in a product… Read more »

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Big players in final bids for Wedel

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Analysts have placed Nestlé as the frontrunner to secure Polish confectioner E. Wedel from Kraft with final bids due by the third week in June.

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Cadbury: likely to have a positive future under Kraft

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British confectioner Cadbury is likely to have a positive future under Kraft, according to a UK member of parliament. In comments made to the Birmingham Post, Ken Clarke, the shadow business secretary, said that Kraft’s eagerness to secure a deal with the company meant the firm was “optimistic about the future of Cadbury”. Kraft sold its American frozen pizza business… Read more »

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Details of Cadbury deal emerge

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Details of the deal between British confectioner Cadbury and Kraft have emerged which show the US food manufacturer paid the equivalent of 850p per share. It is thought that the deal was finally clinched in the early hours of the morning on Wednesday January 20th, with Cadbury accepting an offer worth £11.9 billion from Kraft. The Times reports that Cadbury’s… Read more »

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