EUROPE: Mondelez International 'eyeing European candy disposals' | Progresiv

Mondelez International has reportedly hired advisers to help with the potential sale of confectionery assets in Europe. Sky News reported today (1 December) the US snacks giant had appointed Lazard to look into the disposal of brands in France, Spain and the Netherlands.

The report claimed the brands under consideration to be sold include Terry's, a chocolate brand that first hit the market in the UK in the 1930s. Production of brands sold under Terry's was moved outside the UK to continental Europe in the noughties. Mondelez had not returned a request from just-food for comment on today's report at the time of writing.

The speculation follows a report in October Mondelez was mulling the sale of confectionery operations in France. According to French business publication Challenges, the US snacks giant put up for sale a business unit that includes the French brands Carambar and Krema. When contacted by just-food at the time, Mondelez said it "could not comment on rumours or speculation".

There was also speculation in October that Mondelez was planning to offload its European cheese and grocery business, which includes the Philadelphia brand. (www.just-food.com)