Word: choco
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...speculation is running rampant on Wall Street that Cadbury is now in play and that either Kraft will sweeten its offer or another rival, such as Hershey, will step up. Industry experts speculate that bidding could exceed $21 billion before a merger is clinched. Read "Chocolate, Meet Choco-Luxe...
Experts expect Don Mario's arrest to lead to violence between gangs in the hillsides ringing Medellin. An ex-intelligence official also predicts deadly infighting in the capo's traditional bastions of power, such as the regions of Cordoba, Uraba and Choco. "We will see a war," says the former official. "There are more than 1,000 men guarding a whole lot of money." (Should a drug lord be one of the TIME 100? Vote for the most influential people in the world...
...products, which is why the labels on Mr. Goodbar, Milk Duds and Krackel now have to say things like "chocolatey" instead of "milk chocolate." But even as the king of American candy cheapens its low-end stuff, Hershey's--which saw its quarterly profit double recently--is diving into choco-luxe. Cran-blueberry almond, anyone...
...There is so much love expressed in excessively packaged goodies - literally - that this year the deputy environment minister is promoting "Eco Choco," encouraging shoppers forego extra ribbon or glittery tissue. Some other consumerist stats: one survey showed that nearly 80% of women in their 20s and 30s will be purchasing chocolate on Valentine's. Women spend about $20 for their truffle-worthy honmei, and an obligatory $6 each for their sweet-toothed coworkers, of which the average Japanese female knows six. That roughly comes out to $56 per woman, not to mention the accompanying gifts ($66 on average...
...there choco-fatigue? About 70% of the women polled in one survey wish the custom of doling out giri-choco to their male bosses and colleagues would just end. Moreover, according to one poll, 58% felt that Cupid brought the blues, not because of a lack of dates but because of all the preparation involved. That would include, for example, standing in line for half an hour in the freezing cold to get their hands on that $55 box of four chocolate bonbons. Morinaga, a leading chocolate maker, has research showing that an increasing number of women in their...