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No sugar added: Hershey signals commitment to low sugar confectionery with acquisition of Lily s

No sugar added: Hershey signals commitment to low sugar confectionery with acquisition of Lily s
confectionerynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from confectionerynews.com Daily Mail and Mail on Sunday newspapers.

Hershey: Q1 Earnings Insights

52-week low: $125.50 Company Overview Hershey is a leading confectionery manufacturer in the U.S. (nearly a $25 billion market), controlling around 46% of the domestic chocolate space (per IRI). Beyond its namesake label, the firm s mix has expanded over the last 85 years and now consists of 90 brands, including Reese s, Kit Kat, Kisses, and Ice Breakers. Hershey s products are sold in about 85 countries, with just 10% of total sales coming from markets outside the U.S., including Brazil, China, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix and Pirate Brands (including the Pirate s Booty, Smart Puffs, and Original Tings brands) over the past few years.

BevNET Live Winter 2021

BevNET Live Winter 2021
bevnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bevnet.com Daily Mail and Mail on Sunday newspapers.

VMG Partners raises $850M for new growth fund

Dive Brief: Private equity firm VMG Partners announced the close of an $850 million fund, VMG Growth Fund V, according to a press release sent to Food Dive. This brings the San Francisco-based firm’s total assets under management to roughly $2.6 billion. VMG will provide early-stage funding, as well as startup support to portfolio companies. It provides guidance on strategies, from scaling brand awareness to optimizing manufacturing and supply chain operations. In addition, VMG reports it has substantially exited all of the portfolio companies in its VMG Partners I and VMG Partners II funds. It also announced the third exit from its VMG Partners III fund.

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