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
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.