Hershey has committed to purchasing 100% traceable and sustainably-sourced palm oil by the end of 2014. Greenpeace has welcomed the move, but has reservations about timelines and terminology.
The Hershey Company has agreed a deal to buy Godrej Industries 49% stake in the two companies’ Indian joint venture and has announced plans to set up its own subsidiary: Hershey India
The Hershey Company is facing a boycott of its products as a school it funds in the US refused to admit a 13-year-old boy over his HIV-positive status.
Hershey is modernising its production facilities in a $250 to $300m investment plan that will see the company move out of a century-old chocolate factory and cut 500 to 600 jobs.
Non-executive chairman Kenneth Wolfe has stood down at chocolate giant Hershey following a request from the company's controlling stockholder, the Hershey Trust.
