The Latest Breaking News from Mondelez

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking.  Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Mondelez doubled down on Mexico and further widened its expansion beyond the U.S., agreeing to pay $1.3 billion for candy maker Ricolino.

US parent Mondelez blames higher production costs and inflation as 200g bar shrunk to 180g

Parent company Mondelez blamed rising inflation and higher costs as it reduced the size of its larger bars by 10%

The 200g bar of Dairy Milk is being downsized to 180g, but they will still be sold for around £2 despite the 10% size cut

Dairy Milk parent company Mondelez blamed rising inflation in the production of its flagship chocolate as it reduced the size of its larger bars from 200g to 180g

"We’ve had to make the decision to slightly reduce the weight of our medium Cadbury Dairy Milk bars for the first time since 2012"

Parent company Mondelez blames soaring inflation and rising costs for a reduction in the size of its larger bars

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