Pennsylvania based Hershey Corp has partnered with two delivery service companies in India to offer its product line via ecommerce. Swiggy will sell products to consumers in the New Delhi National Capital Region, Mumbai and Bangalore while a company called Denzo is serving Hyderabad ad Bangalore.
Hershey Test Markets India's Soya Brand 'Sofit' in U.S.
Pennsylvania-based Hershey acquired the Sofit brand after buying out India's Godrej Group from its joint venture, Godrej Hershey Ltd., in 2012. And now, Hershey plans to introduce Sofit, (a brand synonymous with soya milk, since it was first introduced in the year 2004 by Godrej Hershey Ltd.) in the U.S....
Global Chocolate Makers Ramp up Investments in India
A study by London based market research firm Mintel says that India's $1.6 billion chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period....
Hershey buys out India partner
The Hershey Company reached an agreement to acquire the 49-percent stake in India's Godrej Hershey Ltd. that it does not own, primarily from Godrej Industries Ltd. and another minority shareholder. The transaction is expected to close by the end of the third quarter, when the company will own the Maha...