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Mondelez International, Inc. (/ ˌmɒndəˈliːz / 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]
The company is a subsidiary of Illinois-based Mondelēz International. [2] Nabisco's 1,800,000-square-foot (170,000 m 2) plant in Chicago is the largest bakery in the world, [3] employing more than 1,200 [3] workers and producing around 320 million pounds
Irene Blecker Rosenfeld (born May 3, 1953) [2] is an American businesswoman who was the chairman and chief executive officer (CEO) of Mondelēz International. [3] Rosenfeld's career began at Dancer Fitzgerald Sample, a New York City advertising agency. She later joined General Foods consumer research, and then led Frito-Lay as CEO and chairwoman.
The pressure to cut American jobs in Mondelez was linked to Bill Ackman, a hedge-fund billionaire who purchased a 7.5 percent stake in Mondelez, and is believed to have pushed for cost cutting. [1] In 2015, Mondelez International, the parent company of Nabisco, announced that it was laying off workers at factories in Chicago and Philadelphia. [3]
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. [4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. [5]
mars.com. Mars, Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$ 45 billion in annual sales in 2022; [7] that year Forbes ranked the company as the fourth-largest privately held company in the United States. [8]
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