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Mondelez revamps European operations after boycotts over Russian business, internal memos show, ET Retail

After months of boycotts and pressure from shareholders and activists to leave Russia, Chicago-based Mondelez stopped advertising in the country, but has failed to exit Russia entirely. ....

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Reuters: Oreos manufacturer Mondelez overhauls Russian operations amid boycott, protests

Mondelez was added Ukraine's list of "international sponsors of war" in May 2023 for continuing operations in Russia. ....

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Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch

NEW YORK (Reuters) -The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit. Cocoa prices have roughly doubled over the past year, hitting a series of record highs in recent weeks due to shrinking supplies. Chocolate makers had been passing the rising costs on to consumers without losing much demand. ....

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Hershey issues chocolate warning and says 'due to cocoa prices'

Hershey issues chocolate warning and says 'due to cocoa prices'
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El Niño Has Supercharged California Storms. It's Hitting These Industries, Too.

The extreme rains now battering California have been supercharged by El Niño. But the weather pattern’s impact extends beyond the state’s economy, as the. ....

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