Mondelez International Inc has not heard from Kraft Heinz Co about any potential acquisition, people familiar with the matter said on Wednesday, after Swiss magazine Bilanz reported that the latter was planning a bid.
Mondelez has no reason to believe there is truth to the Bilanz report, the sources said, asking for anonymity to discuss the matter. Kraft-Heinz and Mondelez, two of the world’s largest packaged food producers, offered no comment.
By Lauren Hirsch
Source: Reuters
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
