Confectionery

Trident is one of the brands being sold by Mondelēz to Perfetti Van Melle. Pic: Mondelēz

Analyst reaction to transaction

Mondelēz sells part of gum business to rival Perfetti Van Melle for $1.3bn

By Anthony Myers

Mondelēz International has announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Italian-Dutch company, and European rival, Perfetti Van Melle Group for $1.350bn.

Decorating the Christmas tree is popular in Utah (82%), New York (79%) and Vermont (79%), according to a Hershey survey. Pic: GettyImages

Seasonal

Hershey covers all candy bases with Christmas heat map for consumers

By Anthony Myers

American candy lovers can now discover what Christmas tradition is most popular in their state with Hershey’s holiday tradition heat map and then use the candy pairing guide to make sure they’re stocking up on the right iconic sweets to help make holiday...

Pic:iStock

Bermuda launches sugar tax consultation

By Rachel Arthur

Bermuda has launched a public consultation for its proposed sugar tax, which would cover sugar-sweetened beverages, candies and plain sugar.

Ferrero expects to operate Ferrara as a separate unit upon acquisition.

Ferrero to acquire Ferrara Candy

By Douglas Yu

The Ferrero Group has announced it will acquire Ferrara Candy Company from private equity firm L Catterton for an undisclosed sum.

Soup-to-Nuts Podcast: Confections hold steady in face of war on sugar

Soup-to-Nuts Podcast: Confections hold steady in face of the war on sugar

By Elizabeth Crawford

Despite significant headwinds generated by the escalating war on sugar and increasing consumer preferences for healthy products, the confectionery industry is holding its own with sales climbing 1.2% in the last year to reach a whopping $25 billion, according...

Source: The PUR Co.

5 strategies that fueled PUR’s more than 5,000% growth in five years

By Elizabeth Crawford

In a world where most business growth comes from the tech, oil, gas and software industries, gum and mint maker The PÜR Company was “sweetly surprised” recently to secure a spot in PROFIT 500’s top 10 list of fastest growing Canadian companies and the...

Dollar sales of Valentine candy were down 1.4% in the 52 weeks to May 28, while unit sales dropped 4.8% (Picture: istockphoto,Sarsmis)

Are Americans eating more candy?

By Elaine Watson

Are Americans eating more candy?  Well they’re certainly spending a bit more – Nielsen data shows US retail dollar sales rose a modest 2.4% in the 52 weeks to May 28, although unit sales were down 1.6%, suggesting shoppers are trading up to more premium...

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