Mondelez International

American multinational food and beverage corporation

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May 2024 Mondelez International was fined €337.5 million by the European Commission for anti-competitive practices, including illegally blocking cross-border sales of chocolate, cookies, and coffee products within the European Union and preventing retailers from sourcing products from countries with lower prices.
2023 The company opened a global innovation center in Whippany, Morris County, New Jersey, near its North American headquarters in East Hanover.
November 2023 International Rights Advocates filed a new class-action complaint on behalf of nine children, accusing Mondelez and other chocolate companies of failing to address child labor issues despite previous pledges to eliminate the worst forms of child labor by 2005.
October 2 2023 Gum business sale to Perfetti Van Melle closed.
May 25 2023 Ukraine's National Agency on Corruption Prevention (NACP) declared Mondelez International an international sponsor of war, leading to consumer and corporate boycotts in Nordic countries and by football associations of Denmark, Norway, and Sweden.
2022 A Channel 4 Dispatches investigation in Ghana discovered children as young as 10 working on farms supplying Cadbury's brand, despite Mondelez's Cocoa Life website claims.
2022 Received a 'yellow' rating on the Chocolate Scorecard for Agroforestry, indicating they were starting to implement good environmental policies.
December 19 2022 Mondelez announced sale of gum business to Perfetti Van Melle.
June 2022 Mondelez announced acquisition of Clif Bar for $2.9 billion.
May 2022 Mondelez acquired Grupo Bimbo's confectionery business, Ricolino, for approximately US$1.3 billion.
February 24 2022 Following the Russian invasion of Ukraine, Mondelez publicly stated it had 'reduced all non-core activities' and stopped new investments in Russia, while continuing to generate approximately $1 billion (3.5% of annual revenue) from the country.
January 3 2022 Chipita S.A. acquisition completed.
2021 Mondelez International was named in a class action lawsuit by eight former child slaves from Mali, alleging the company aided and abetted their enslavement on cocoa plantations in Ivory Coast.
May 26 2021 Mondelez announced agreement to acquire Greek snack company Chipita S.A.
January 2021 Mondelez announced acquisition of Hu Master Holdings for more than $250 million.
2020 During the first quarter, due to COVID-19 lockdowns and increased sweet product purchases, the company experienced a 15% sales growth in North America and an overall revenue increase of almost 3%.
2020 Mondelez International announced the relocation of its corporate headquarters from suburban Deerfield, Illinois to Fulton Market in Chicago, Illinois.
April 3 2020 Give & Go acquisition completed.
February 25 2020 Mondelez announced acquisition of majority stake in Give & Go, a maker of two-bite brownies.
July 16 2019 Perfect Snacks acquisition completed.
June 19 2019 Mondelez agreed to acquire a majority interest in Perfect Snacks.
2018 Cracker Barrel dairy brand in Canada sold to Parmalat Canada.
2018 Mondelez claimed to have mapped almost all of its cocoa suppliers in Côte d'Ivoire, Ghana, and Indonesia in an effort to combat deforestation.
November 2018 Greenpeace International investigation found that 22 palm oil suppliers to Mondelez cleared significant rainforest areas between 2015 and 2017.
October 2018 Company's market capitalization was valued at over US$58.8 billion, with shares trading at over $42 per share.
June 7 2018 Tate's Bake Shop acquisition completed.
May 6 2018 Mondelez agreed to buy Tate's Bake Shop for approximately $500 million.
2017 Vegemite spread brand sold to Bega Cheese.
2017 Mondelēz International reported annual earnings of US$2.922 billion and annual revenue of US$25.896 billion, representing a 0.1% decline from the previous fiscal year.
September 2017 Mighty Earth investigation revealed Mondelez and other chocolate companies were using cocoa grown illegally in national parks and protected areas in Ivory Coast and Ghana, documenting extensive deforestation that reduced forest coverage and wildlife populations.
August 2017 Announcement that Dirk Van de Put would succeed Irene Rosenfeld as CEO in November 2017.
June 30 2016 Mondelez made a $23 billion offer to buy Hershey, which was unanimously rejected by Hershey's board.
2015 Kraft Foods Group merged with Heinz to form Kraft Heinz, further transforming the corporate landscape of the company.
July 2 2015 Coffee business merger with Douwe Egberts completed.
May 6 2014 Merger of Mondelez's coffee business with Douwe Egberts confirmed, later becoming Jacobs Douwe Egberts.
October 2012 Kraft Foods split completed, with the company renamed Mondelez International.
August 2011 Kraft Foods announced plans to split into two publicly traded companies: an international snack-food company (Mondelez International) and a North American grocery company.
2010 DiGiorno and Tombstone pizza brands sold to Nestle.
January 19 2010 Cadbury approved Kraft's revised offer, valuing the company at £11.5 billion ($19.5 billion).

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