Word: peppered
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Cadbury Schweppes' two-pronged portfolio of candy and soft drinks wasn't too far off strategically from the soft-drink and snack-food approach that has served PepsiCo so well. The difference is that Pepsi has Pepsi, not Dr Pepper, as a top brand and an organization that can execute to the last bottle cap. For Cadbury, growing two separate businesses proved an insurmountable task, undone by bad execution, bad luck and the weird actors who dominate candyland--the secretive, privately held Mars Inc. and the stumbling, publicly held Hershey Co., which is controlled, ineptly, by the Hershey Trust...
Under relentless pressure from shareholders like agitator Nelson Peltz to sell its beverage business--yet unable to find a buyer given the collapse of the credit markets--Cadbury spun off its soft-drinks unit as the Dr Pepper Snapple Group earlier this year, leaving it once again a stand-alone candy company. And a relatively diminished one. Cadbury was dethroned as the king of candy by the surprise buyout of Wrigley by Mars, giving Mars-Wrigley a 14.4% share of the global confectionery market, compared with Cadbury's 10.1%, according to Wachovia Capital Markets...
Over the years (the company dates to 1824, when John Cadbury, a Quaker in Birmingham, England, opened a shop selling tea, coffee and chocolate), Cadbury has snapped up some impressive brands, including such names as Dr Pepper, 7Up, A&W, Canada Dry, Sunkist and Snapple, which came as part of its merger with Schweppes in 1969. On the candy side, it was Stitzer's 2003 acquisition of Adams, which included the Halls, Dentyne and Trident brands, that transformed Cadbury into the world's largest confectionery company...
...PEPPER drum skin auctioned for $1.1 million. Heather Mills calling her lawyer...
...Located in a prewar Chinatown shophouse, the Majestic Bar, www.majesticbar.com, sports a menu that includes black-pepper crocodile puff, perfectly fried oysters accompanied by four sauces, and squid-ink spaghetti tossed in spicy XO sauce - a Cantonese condiment made with dried seafood and chili, but containing none, incidentally, of the XO cognac from which it takes its name. Even the cocktails come with a savory twist - one, Myth of the Orient, contains soy sauce and chili peppers. Proprietor Loh Lik Peng, who also owns the New Majestic boutique hotel next door, says that the bar's menu was intended...