NEW YORK — Food giant Mondelez International has agreed to acquire cookie maker Tate’s Bake Shop for about $500 million, looking to address changing consumer tastes. Tate’s is best known for its chocolate chip cookies with a green-and-white label on the bag. The Southampton, N.Y., company also makes gift baskets with items such as brownies,
MIAMI – The Food Marketing Institute (FMI) on Saturday recognized three executives at its Midwinter Executive Conference here. According to FMI president and CEO Leslie Sarasin, who presented the awards, the honorees share a legacy of achievement in trade relations, entrepreneurial spirit and statesmanship. “Our industry is rooted in a commitment to people and communities,” Sarasin
DEERFIELD, Ill. — Mondelez International said on Wednesday that Glen Walter will join the company next month as executive vice president and president for North America. In this role, he will be responsible for leading the company’s $7 billion business in the United States and Canada, which includes such power brands as Oreo and belVita
DEERFIELD, Ill. — Mondelez International has been named to the Dow Jones Sustainability Index (DJSI) for the 12 consecutive year. The DJSI is a globally recognized independent benchmark that conducts assessments of a company’s economic, environmental and social performance with a focus on long-term value for shareholders. “The Dow Jones Sustainability Index is a gold
DEERFIELD, Ill. — Mondelēz International on Friday announced an agreement to purchase from Burton’s Biscuit Co. a license to manufacture, market and sell Cadbury-branded biscuits around the world, including in the UK, France, Ireland, North America and Saudi Arabia. The deal is subject to regulatory approval. “Ownership of the Cadbury biscuits license offers us exciting
DEERFIELD, Ill. — Global snack maker Mondelēz International is looking to get more out of its media efforts. Mondelēz this week unveiled what it calls a “fearless marketing” model designed to boost the company’s return on investment for its worldwide media spending. To that end, it aims to form new media partnerships to acquire, develop
EAST HANOVER, N.J. — Mondelēz International is launching Good Thins as its first new snack brand in over a decade. The company said the product was developed in response to consumer demand for wholesome savory snack options. Good Thins are made from such ingredients as wheat, potato and rice, combined with such flavors as garlic,