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The split was structured so that the old Kraft Foods changed its name to Mondelez International and spun off Kraft Foods Group as a new publicly traded company.
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 ...
In October 2012, Kraft Foods changed its name to Mondelez International as an international snack-food company, and spun off its North American grocery business as Kraft Foods Group.
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 ...
In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Mondelez International's earnings report. The company missed estimates on earnings per share and revenue, and ...
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 ...
The Kraft Factory. The Jacobs Douwe Egberts factory ( JDE factory) is a coffee producing factory in the Ruscote ward of Banbury, Oxfordshire, England. [1] [2] Built in the 1960s as a General Foods factory ( GF factory) producing convenience food and drink including Bird's Custard, it subsequently changed ownership to Kraft Foods and 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 ...