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Mondelez International, Inc. ( / ˈmɒndəˌliːz / MON-də-LEEZ ), [3] styled as Mondelēz International, is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. [4] Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. [5]
In November 2007, Kraft agreed to sell its cereal unit to Ralcorp Holdings, a major private-label food maker, for $2.6 billion in a form of a spin-off merger. This would add 50% to Ralcorp's sales, to $3.3 billion, and will be used for Kraft's debt payment, which was at $13.4 billion, in danger of a downgrade by Standard and Poor's.
Peltz then helped Kraft spin off its slow-growing North American grocery business, now know as Kraft Foods Group, from its global snack-food business, which was renamed Mondelez. Foolish final ...
Kraft Foods Group, Inc. Logo used since 2012. Kraft Foods Group, Inc. ( doing business as Kraft Foods Group) is an American food manufacturing and processing conglomerate, [2] split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015.
Food giants Mondelez International Inc (NASDAQ: MDLZ) and Kraft Food Groups will pay $16 million to settle allegations they created unfair advantages in wheat futures, The Wall Street Journal ...
Mondelez is an intriguing story due to the recent Kraft spin-off. On one hand, Mondelez delivered $35 billion in revenue in FY 2012, which stems from worldwide demand for the company's popular ...
Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond . Altria is the parent company of Philip ...
Towards the end of November food giant J.M. Smucker held its earnings conference call. Sales and free cash flow declined 4% and 70% respectively . Lower prices and a lower level of accounts ...
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