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The economic concept, which describes consumers' sensitivity to prices, is a hot topic as inflation soars and executives fret about profits
The governments of Ivory Coast and Ghana have accused Hershey of maneuvering to circumvent premiums tacked on to the price of cocoa futures in order to raise incomes for hard-pressed cocoa farmers
The contribution of Hershey's India remains less than 0.6% to its global Rs 545 bn (US$ 7.5 bn) revenue
Amplify Snack owns brands such as SkinnyPop popcorn and Paqui chips which claim to have no artificial ingredients or transfats and come in dairy-free cheese and naturally sweet flavors that are popula
The majority of its investments would be channelised towards building its existing and new brands
The Hershey Company, had entered India through a joint venture with Godrej Group in 2008, but dissolved it four years later
The Hershey Company, fourth largest confectioner maker in the world, is stepping up its India presence.The $7.4 billion (Rs 48,000-crore) entity has been here for nine years, four of which were with Godrej Group in a joint venture (JV). It would, the Pennsylvania-headquartered company said, introduce some of its global brands here, beside increasing its manufacturing base.It has five big brands in its portfolio, beside the flagship Hershey's -- Kisses, Reese's, Jolly Rancher and Ice Breakers. Of these, Hershey's syrups, spreads and milkshakes, as well as Jolly Rancher lollypops, are already in India.Pradeep Jakate, chairman and managing director of Hershey India, wouldn't say which other global brands might be brought. Industry sources say the company is considering whether to introduce Kisses, a teardrop-shaped candy, and Reese's, a chocolate and peanut butter-based one. These are among Hershey's most popular global brands.Jakate also wouldn't disclose the India business' turnover. ..
Pennsylvania AG's office is probing the spendings of Hershey Trust
Their merger would put them in the top place at 18% of the market