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Thursday, feb 20
Tag:
The Hershey Company
Business
Hershey CEO Michele Buck To Retire After 20 Years With The Company
Michele Buck, CEO and Chairman of the Board of The Hershey Company, has announced her plans to retire after more than two decades with the iconic candy maker, the company said on Friday, Jan. 10. Buck, who has led Hershey as CEO for the past eight years, will step down on June 30, 2026. She intends to continue in her current role until a successor is chosen, after which she will transition to a senior advisor position before officially retiring. The Hershey Board of Directors has initiated a search for her replacement, considering both internal and external candidates with the assistance …
Business
Hershey Stocks Soar As Rumors Swirl About Possible Mondelez Buy Out
Mondelez International, the company behind brands like Oreo and Cadbury, is reportedly considering acquiring The Hershey Company, a move that could create one of the world's largest confectionery firms, according to multiple outlets and first reported by Bloomberg. Preliminary discussions have taken place, but there's no certainty that a deal will be finalized. This news led to a significant surge in Hershey's stock price, which rose approximately 13% to $199.52 on Monday, Benzinga reported. In contrast, Mondelez's shares experienced a decline of about 4%, Reuters explained. It's importa…
Lifestyle
Hershey's Is Raising The Cost Of Your Favorite Chocolate Treats
With less than two weeks until Valentine's Day, The Hershey Company is raising the cost of chocolate. The news was announced during The Hershey Company's Fourth Quarter of 2021 Earnings Conference Call on Thursday. The company said it is planning for “list price increases across all segments” as a way to drive sales growth. “Pricing will be an important lever for us this year and is expected to drive most of our growth,” said CEO Michele Buck stated. The reason given for the hike was the rising cost of labor and ingredients. Hershey had already raised some of it's prices in 2…
News
Central PA Restaurant Closings Of 2021 (So Far)
Restaurants around the world have had a difficult year, much like last year. Whether for financial reasons, personal reasons or due to factors related to the pandemic, many restaurants have permanently closed their doors. Here are a few of the major restaurants closures in central Pennsylvania. Bob Evans Located at 771 Eisenhower Boulevard in Swatara Township, this chain restaurant permanently closed in the April, as Daily Voice reported at the time. The chain, founded in 1948 in Ohio, has been downsizing for several years. This is the fifth Bob Evans restaurant in the Susque…
News
The Hershey Company Plans To Acquire Health Conscious Chocolate Company Lily
The Hershey Company has signed an agreement to acquire Lily's, health conscious chocolate company. Lily's makes low-sugar products include dark and milk chocolate bars, baking chips, peanut butter cups and other confection products that align with Hershey's multi-pronged better-for-you snacking strategy. View this post on Instagram A post shared by The Hershey Company (@hersheycompany) "Hershey is focused on developing a better-for-you confection portfolio that offers a variety of choices to meet the evolving needs of our consumers," said…
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