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Mondelēz International has unveiled plans to divest its developed market gum business in favor of focusing on growth in the chocolate, biscuits and baked snacks categories.
Mondelēz said the acquisition will transform its business in the high-priority Mexico market to accelerate growth and scale in core snacking categories.
Mondelēz International, Inc. has completed its acquisition of Chipita Global S.A., a high-growth leader in the central and eastern European croissants and baked snacks category.
As part of its commitment, Mondelēz International has signed the Science Based Targets Initiative's Business Ambition for 1.5°C, aligning its long-term emissions mitigation targets with the aim of limiting temperature rise in accordance with the Paris Agreement.
The Mondelēz International Scholars are students from TMCF member-schools, which are America’s publicly-supported Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs).
Open to U.S.-based chefs, professional cooks, restaurant operators and culinary students, the contest required participants to create an original recipe showcasing Sour Patch Kids Bitz.
With chewy texture profiles continuing to dominate the sugar confectionery market, the jellies, licorice and chews categories are seeing steady growth.
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