The National Advertising Division has recommended that Hershey modify its packaging and advertising for Brookside candies so consumers know the product is made with fruit flavors and not real fruit.
Hershey’s chief executive John Bilbrey says he is “very excited” about a mystery new product that will unveiled later this year, and believes fruit and choc snack brand Brookside could become a $500m global brand.
The Hershey Company will make its single largest investment in Asia with a new factory in Malaysia, a country the firm says gives it a strong route to 25 markets in the region, including China.
Hershey will face a class action lawsuit alleging it misled consumers through antioxidant labeling claims after a US court refused to consider its protective order as part of an attempt to dismiss the case.
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The Hershey Company has joined the advisory council of a new non-profit organization – the Sustainability Accounting Standards Board (SASB) - that aims to develop industry-wide standards on sustainability.
Hershey’s CEO has said that pacing is important in innovation and while efforts have been “far more disciplined” than in the past, it is still committed to new product development (NPD).
Chocolate giant Hershey has announced plans to use GPS mapping for cocoa farms in Ghana to help farmers better manage their resources as labour groups continue to doubt the company’s commitments to eradicate the worst forms of cocoa child labour.
Chocolate giant Hershey will experience improved sales and flat profit margins in 2012 and will seek out acquisitions in international markets, according to credit agency Standard & Poor’s (S&P).
The king-size candy bar has emerged as the fastest growing pack type in convenience stores this year and was a key driver of sales for Hershey in the third quarter, bosses have revealed.
US chocolate giant Hershey reported net income of $130.12m for the second quarter, with net income for the period up o $129.56m from $117.05m in the same quarter in 2010.
Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
Hershey clocked a profit for the first quarter of 2011, with it citing new product launches, expansion outside the US and a 30 percent increase advertising spending as key to the positive financials.
Confectioners will probably get away with increasing prices on chocolate bars without significantly denting demand because they are generally low ticket items bought as treats in an area with high brand loyalty, analysts have predicted.
Research aiming to improve understanding around the sensory attributes of confectionery is the objective of new collaboration between US chocolate giant Hershey and academia.
Hershey lags behind its competitors when it comes to purchasing cocoa that has been certified to meet certain labour, social, and environmental standards, argues four non-governmental organisations in a highly critical report about the US confectionery...
US chocolate maker, Hershey, said it is still open to international expansion and it claims acquisitions will be made easier by the fact that the global chocolate markets are still fragmented.
The Travel Retail group of confectionary giant Hershey has launched a new range of travel retail exclusive products including Hershey’s Kisses, Hershey’s Nuggets chocolates and Reese’s and Hershey's Miniatures.
Chocolate giants Hershey and Barry Callebaut, have teamed up for a
landmark partnership which will see the Swiss cocoa producer
providing the raw material for Hershey's chocolate products and
expanding facilities in South America.
Four days after announcing the recall of twenty-five chocolate
products due to salmonella contamination, Hershey's and the
Canadian food inspection agency (CFIA) still refuse to reveal the
exact source and cause of the contamination.
New products and seasonal success may have given Hershey increased
2005 sales, but income for the confectionery colossus remains
blighted by the cost of reorganisation.
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
