Company buys out local partner following last year’s law change allowing complete ownership of onshore firms Food giant Mars has become one of the first multinationals to take advantage of the UAE’s new foreign direct investment (FDI) laws offering foreign companies 100 per cent ownership of onshore companies by buying out its local partner. The company, which has had a… Read more »
New protein-packed versions of Mars and Snickers with up to 40 percent less sugar will hit UK shelves early next year as the demand for healthier alternatives picks up the pace in the confectionery space. More new product developments are also in the pipeline, as Mars Wrigley Confectionery plans to extend its reformulated range to include smaller portion sizes and… Read more »
Mars Chocolate and Wrigley Canada are now officially operating as one business, known as Mars Wrigley Confectionery, which is part of Mars Canada. The business will incorporate some of Canada’s most popular confectionery brands, including Skittles, Twix and Starburst. Forming part of the new business is the newly renovated chocolate manufacturing facility in Ontario. The site is the first in North America to produce Maltesers… Read more »
When President Trump pulled the United States out of the Paris climate agreement, many were worried that it could spell the end of the accord. The concern was that if as big a player as the US was to leave, other countries would see little point in remaining. But in a strange twist of fate, the reverse has happened. Nations… Read more »
Newest investment builds on $1 billion set aside for manufacturing investment
Mars Chocolate North America has unveiled plans to reinvest $70 million in its U.S. supply chain, building on the company’s earlier commitment to invest $1 billion in U.S manufacturing operations over the past five years. As part of its latest pledge, Mars said it plans to add approximately 250 new jobs to sites across the United States, ensuring that more than 95% of Mars’ chocolate products for the United States are made in this country.
Brands like Snickers candy bars and Doublemint gum will be grouped into one operating segment
It appears that confectionery giant Mars, the company behind M&M’s, wants you to eat less of its candy. Reports have it that Mars is attempting to convince McDonald’s, Burger King, Dairy Queen and other fast-food chains to drop its candy goods from their dessert lineups in a bid to encourage moderate sweets consumption. Reuters reported that an industry source familiar with… Read more »
Products across the range of the company’s chocolate, gum, confection, food and drink businesses will be affected by the change, which will take place incrementally over the next five years.
Geography, positioning affect global growth of candy companies