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The Latest Breaking News from Mondelez

Snack food giant Mondelez will acquire Clif Bar & Company for $2.9 billion

Chicago-based snack food giant Mondelez International said Monday it has agreed to acquire Clif Bar & Company, the California-based maker of Clif, Clif Kid and Luna brand energy bars.

Chicago Tribune

Teddy’s Ice Cream fear their may be a Flake shortage this summer

Cadbury made its 99 Flakes in Dublin for years, but recently a bulk of its production moved to Egypt

Dublin Live

Better Buy: Mondelez vs. Hershey

Rising demand and worsening supply chain disruptions are leading to rising food prices. Relatively inelastic demand for the products manufactured and sold by Hershey (HSY) and Mondelez (MDLZ) should help them benefit by passing on the rising input prices to their customers. But which of these two stocks is a…

StockNews.com

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Oreo, Ritz Release the Cookie Cracker You Didn't Know You Wanted

Those intrigued by the combination should not expect to find it on store shelves.

The Street

Kraft, Mondelez agree to $16 million penalty over wheat trading

The long-running case involves charges that the companies sought to manipulate prices in 2011.

Chicago Sun-Times

Nasdaq Leads Downside While S&P 500 Hits Fresh 2022 Low Amid Market Sell-Off

The Nasdaq led the downside while the S&P 500 fell more than 2% intraday to set a fresh low of just under 4,000 for 2022.

Investors Business Daily

Indonesia's Cooking Oil Export Ban Pumps Up Palm, Soyabean Oil Prices

Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders gear up Indonesia's export halt till the domestic cooking oil prices ease, Bloomberg reports. The policy has agitated the global $50 billion palm oil market as Indonesia initially said it would ban all exports of cooking…

Benzinga

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Mondelez Agrees To Acquire Confectionery Company Ricolino For $1.3B

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking. Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Benzinga

Mondelez Doubles Down on Mexico, Further Widens Focus Beyond U.S.

Mondelez doubled down on Mexico and further widened its expansion beyond the U.S., agreeing to pay $1.3 billion for candy maker Ricolino.

The Street

Then and now: How the cost of a Freddo has changed since 2000

Long gone are the days of spending your pocket money at your local shop and being able to purchase a weekend's worth of sugar

Wales Online

Dairy Milk to shrink chocolate bars - but cost to remain the same

Chocolate lovers, we have some sad news for you - you may have heard the news that Daily Milk are set to change their chocolate bars but don't expect any lower prices

Edinburgh Live

Cadbury fans threaten boycott after change to Dairy Milk bars

One disappointed shopper said: "Cadbury has shrunk the size of a dairy milk bar??? Tragic."

Liverpool Echo

Cadbury reduces size of Dairy Milk share bars - but price stays the same

Parent company Mondelez blamed the reduction on rising productions costs.

Daily Record

Cadbury family-size Dairy Milk bars get 10% smaller but price stays the same

US parent Mondelez blames higher production costs and inflation as 200g bar shrunk to 180g

The Guardian - UK

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Evening Standard

Cadbury shrinks Dairy Milk bars as inflation bites

Parent company Mondelez blamed rising inflation and higher costs as it reduced the size of its larger bars by 10%

Chronicle Live

Cadbury Dairy Milk chocolate bars to get smaller again, but you'll pay same price

The 200g bar of Dairy Milk is being downsized to 180g, but they will still be sold for around £2 despite the 10% size cut

Daily Mirror

Cadbury shrinks size of Dairy Milk bar as inflation bites - but price will remain at £2

Dairy Milk parent company Mondelez blamed rising inflation in the production of its flagship chocolate as it reduced the size of its larger bars from 200g to 180g

Wales Online

Cadbury shrinks Dairy Milk by 10% in face of rising costs - but price stays same

"We’ve had to make the decision to slightly reduce the weight of our medium Cadbury Dairy Milk bars for the first time since 2012"

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The Independent UK

Cadbury shrinks iconic Dairy Milk bars as inflation bites – but price stays the same

Parent company Mondelez blames soaring inflation and rising costs for a reduction in the size of its larger bars

Bristol Post

British television's 10 most complained about adverts of all time

Some are controversial, while others are just plain offensive

StockNews.com

3 Consumer Defensive Stocks to Buy on the Dip: Tyson, Diageo, and Mondelez

The Russian-Ukraine conflict and rising inflation have led to heightened volatility and are raising the possibility of an economic downturn. Consumer defensive stocks are typically known to hold up well in such a tough market environment. Given this backdrop, it could be wise to buy the dip in consumer defensive…

Daily Mirror

Uniqlo says it has no plans to close stores in Russia because clothes are a 'necessity'

Cadbury owner Mondelez, Dettol maker Reckitt and Dunhill and Lucky Strike maker British American Tobacco (BAT) are also among brands continuing to trade in Russia

The Street

Oreos Maker Wants to Find the Future of Snacks

Mondelez International is giving 10 startups $20,000 to create the next viral snack.

The Independent UK

Alton Towers owner Merlin to take control of Cadbury World

Merlin Entertainments has confirmed a deal to buy the operations and brand licences from Mondelez International.

The Street

Mondelez Q4: Why Pandemic Hurts and Helps Oreos Maker's Bottom Line

Mondelez, producer of brands ranging from Chips Ahoy to Triscuits, says the pandemic will keep people at home and snacking, inflation notwithstanding.

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