Word: nestle
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...multiple of Cadbury's sales, for instance, Kraft's offer amounts to roughly half that tabled by Mars in its acquisition of Wrigley, says Jeremy Batstone-Carr, an analyst at brokers Charles Stanley in London. Expectation of a second bid from Kraft, a fresh one from Switzerland's Nestlé or U.S. confectioner Hershey, or even a combined approach from Kraft and one of its rivals pushed Cadbury shares 40% higher Monday. (Read about the world's best chocolate...
...Zurich-based manufacturer, one of the world's leading producers of industrial chocolate and cocoa, which it distributes to global giants such as Nestlé and Cadbury, claims its new product, called Vulcano, is the world's first - and so far only - melt-resistant, low-calorie chocolate. "No more stains or sticky fingers," company spokeswoman Gaby Tschofen tells TIME. "The only place where Vulcano will melt is in the mouth, because of the enzymes present in the saliva." (See pictures of what the world eats...
Swiss food giant Nestlé is a pioneer in the field. It set up its halal committee way back in the 1980s, and has long had facilities to keep its halal and non-halal products separated. Turnover in halal products was $3.6 billion last year, and 75 of the company's 456 factories are geared for halal production...
Food Non-Muslim multi-nationals such as KFC and Nestlé dominate the halal food market. But Muslim- owned manufacturers such as Dubai-based Al Islami - which sells everything from chicken burgers to packaged ingredients - are growing fast...
...confident that the industry's immediate future is far from bleak. Lindt, makers of the iconic golden bunnies, predicts its 2009 sales are likely to increase by between 2 and 5% - short of its target of 6 to 8%, but still not bad in the current economy. While Nestlé, which manufactures, among other brands, Cailler and KitKat, is not releasing figures until the end of April, company chairman Peter Brabeck recently told Swiss newsmagazine Weltwoche that even amid a slacking consumer goods sector, chocolate sales are on the rise. "Now that people don't have a new television...