It’s been 10 months since I joined Candy Industry, but it wasn’t until a week ago that I had a chance to partake in an event hosted by the Retail Confectioners International (RCI). I didn’t realize it, but I was in for a treat.
June is also National Candy Month. While it’s a great excuse to savor some of our favorite treats, it also offers an opportunity to reflect on some of the positive trends and developments in our industry.
With all the recent gyrations going on in the confectionery industry, I thought it might be wise to get some outside perspective. Periodically I get a publication called U.S. Talking Points from Rabobank, written by senior analyst Nick Fereday. It’s essentially a brief on recent events affecting the food and beverage industries, peppered with Fereday’s observations.
Amidst Russian meddling in the presidential elections, North Korea’s saber-rattling, the horror in Syria and attempts to replace Obamacare, there’s another crisis President Trump will soon face: the annual White House Easter Egg Roll.
Public Health England (PHE), an executive agency of the United Kingdom’s Department of Health, last week released guidelines for sweets manufacturers to cut sugar levels by 20 percent over the next three years.
But a week later, 1-800-Flowers.com, Fannie May’s New York-based parent company, announced it would sell the brand -- along with the Harry London brand, an Ohio manufacturing facility, two warehouses and 79 retail stores -- to Ferrero International for $115 million.