Cadbury plc
| Cadbury public limited company
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1824 in Birmingham , United Kingdom
|
| Seat |
London - Hillingdon , United Kingdom
|
| management | Roger Carr ( Chairman ) Todd Stitzer ( CEO ) |
| Number of employees | 55,833 (2005) |
| sales | £ 5.975 billion (2009) (€ 6.670 billion) |
| Branch | Confectionery industry |
| Website | www.mondelezinternational.com |
Cadbury plc (formerly Cadbury Schweppes ) is a subsidiary of Mondelēz International ( known as Kraft Foods until 2012 ) with British roots. The European seat is in Switzerland ( Glattpark ). The company produces confectionery, such as Cadbury chocolate . This also includes the Wunderbar and Caramello chocolate bars as well as the Carambar chewy candies and the Stride chewing gum .
history
Cadbury Schweppes was created in 1969 from the merger of the Jacob Schweppe ( Schweppes ) and John Cadbury companies .
In 2002 Cadbury Schweppes bought the Danish company Stimorol . On February 2, 2006, the company completed the sale of its European beverage operations to the Blackstone Group and the Lion Capital Group . On July 1, 2006, the Krombacher Brewery took over the distribution rights to the Schweppes and Orangina brands for Germany and Austria.
In 2006 the company brought about a very significant tax law decision by the European Court of Justice , which became known as the Cadbury-Schweppes decision and which resulted in high expectations regarding a change in the German Foreign Tax Act in the 2008 Annual Tax Act .
On May 7, 2008, Cadbury Schweppes plc announced the completion of the spin-off of its North American beverage business to Dr Pepper Snapple Group , Inc. (DPSG), which has since acted as an independent company. The remaining Cadbury plc only unites the confectionery brands, while the beverage brands can be found at DPSG.
On September 7, 2009, Kraft Foods announced that it would acquire Cadbury plc for £ 10.2 billion. After tough negotiations, the two companies finally agreed on January 19, 2010 to take over Cadbury for 11.9 billion pounds sterling (13.9 billion euros). With this offering, the company was valued at £ 8.40 per share. At the beginning of January 2010, following a competition review, the European Commission approved the planned entry of Kraft Foods subject to certain conditions. Cadbury had to give up its Polish and Romanian chocolate division. With this takeover, the merged food company achieved sales of around 50 billion euros and caught up with world market leader Nestlé .
gallery
Dairy Milk , seen here as a milk chocolate and caramel bar, is one of Cadbury's best-known brands.
The former Cadbury Schweppes logo
The former Schweppes logo
Schweppes logo
Web links
Individual evidence
- ↑ CADBURY SCHWEPPES BUYS DANDY CHEWING GUMS FROM BAGGER ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. July 10, 2002
- ↑ Cadbury Schweppes expands its chewing gum portfolio telegraph.co.uk, February 8, 2006
- ^ Judgment of September 12, 2006 - Case C-196/04 - Cadbury-Schweppes decision
- ↑ Kraft Foods Inc. Proposes Combination with Cadbury plc, Building on a Global Powerhouse in Snacks, Confectionery and Quick Meals. September 7, 2009, accessed May 16, 2012 .
- ↑ K. Slodczyk, M. Hennes, C. Weißenborn: Kraft Foods conquers world leaders . Dieter von Holtzbrinck Medien, January 19, 2010, accessed on May 16, 2012 .
- ↑ Christine Benders-Rüger, Jörn Ebberg: Update: Cadbury accepts improved power offer. ABC New Media, January 19, 2010, accessed May 16, 2012 .
- ↑ dpa: Takeover is in the stars: EU allows Cadbury purchase. In: n-tv. RTL Group, January 6, 2010, accessed on May 16, 2012 .
