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As Hershey and other confectionery giants continue to navigate higher costs, startups and ingredient suppliers are looking to scale alternative options to help manage the volatility.
The 139-year-old company said it is facing pressure from “a dynamic macroeconomic environment,” with a sale the most effective way to turn around its business.
The Jolly Rancher and Twizzlers maker joins a fast-growing list of companies making similar pledges amid mounting pressure from states and the Trump administration.
Former CEOs of Nestlé USA and McCormick are set to join as part of a settlement agreement between the frozen potato products manufacturer and shareholder Jana Partners.
A top executive talks about what the Oreo maker is looking for in potential startup targets and how the current economic environment is impacting its approach.