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Kraft Foods traced its roots to the National Dairy Products Corporation, formed on December 10, 1923, by Thomas H. McInerney and Edward E. Rieck. [9] The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry. Through acquisitions it expanded into a full range of dairy products. By 1930 it was the largest dairy company in the United States ...
The company has its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its grocery business was spun off to a new company called Kraft Foods Group. The name is derived from the Latin word mundus ("world") and delez, a fanciful modification of the word ...
On October 1, 2012, Kraft Foods Inc. spun off its North American grocery business to a new company called Kraft Foods Group, Inc. The remainder of Kraft Foods Inc. was renamed Mondelēz International, Inc., and was refocused as an international snack and confection company. [10] Burt P. Flickinger III of Strategic Resource Group said the strategy "worked for Mondelez, but not for Kraft." [11]
Previously known as Kraft Foods, Mondelez International spun off Kraft Foods Group last year. Kraft Foods Group was granted the North American grocery business while Mondelez retained the global ...
A year after announcing the split of Kraft Foods (NAS: KRFT) into two separate entities, investors finally got a peek at its first earnings results. The now-separate international unit, Mondelez ...
Mondelez International (NAS: MDLZ) is fresh off its recent corporate break-up. It boasts one of the best snack-brand portfolios in the industry, as well as massive global growth opportunities. But ...
Rosenfeld was appointed CEO of Kraft Foods In June 2006. [10] She joined General Foods which later became a part of Kraft. Among her many accomplishments at Kraft, she led the restructuring and turnaround of key business in the US, Canada and Moscow. She is active in a number of industry and community organisations, including the Economic Club of Chicago. She was appointed to the additional ...
Kraft Foods Group Inc. (NASDAQ: KRFT) said this morning that new products and increased advertising helped it exceed Wall St. expectations. It also stood by its forecast for 2013. The food and ...