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In April 2015, the U.S. Commodity Futures Trading Commission (CFTC) alleged that Mondelez International and its former subsidiary, Mondelez Global, bought $90 million (£61 million) of wheat futures with no intention of taking delivery. [61] According to the CTFC, the purchase raised the price of the commodity and earned the company $5.4 million.
The 2021 Nabisco strike was a labor strike involving workers for the American snack manufacturer Nabisco, a subsidiary of Mondelez International. The strike began at a Nabisco facility in Portland, Oregon on August 10 and over the next few days spread to several more Nabisco facilities throughout the United States.
The history of that company, through all its mergers, acquisitions, and divestitures, is complicated enough as it is. I understand that Mondelez is the legal successor to Kraft Foods Inc., but essentially the old Kraft Foods Inc. split in two, and the other half/legal spin-off kept the Kraft Foods name.
Irene Blecker Rosenfeld (born May 3, 1953) is an American businesswoman who was the chairman and chief executive officer (CEO) of Mondelēz International. [2] 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. [3]
Mondelez International’s net income climbed 98% in the quarter ended in June to $1.1 billion, while sales climbed 12.4% to $6.6 billion, compared to the same time a year ago. Mondelez denies...
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