Cadbury: Difference between revisions
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===Demerger=== |
===Demerger=== |
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In March 2007, it was revealed that Cadbury Schweppes is planning to split its business into two separate businesses: one focusing on its main chocolate and confectionery market; the other on its US drinks business.<ref>[http://news.bbc.co.uk/1/hi/business/6451749.stm "Cadbury plans to split business"] - [[BBC News]], [[March 14]], [[2007]].</ref> It is speculated that the split could dramatically increase Cadbury's value, from its current market value of about £12600 million (about 24400 million USD), to up to an estimated £16000 million combined value (about 31000 million USD) |
In March 2007, it was revealed that Cadbury Schweppes is planning to split its business into two separate businesses: one focusing on its main chocolate and confectionery market; the other on its US drinks business.<ref>[http://news.bbc.co.uk/1/hi/business/6451749.stm "Cadbury plans to split business"] - [[BBC News]], [[March 14]], [[2007]].</ref> It is speculated that the split could dramatically increase Cadbury's value, from its current market value of about £12600 million (about 24400 million USD), to up to an estimated £16000 million combined value (about 31000 million USD). |
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==Products== |
==Products== |
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{{main|Cadbury Schweppes products}} |
{{main|Cadbury Schweppes products}} |
Revision as of 10:47, 3 April 2007
Company type | Public (LSE: CBRY, NYSE: CSG) |
---|---|
Industry | Beverages (Non-Alcoholic) and Confectionery |
Founded | 1905 |
Headquarters | Berkeley Square, London |
Key people | Sir John Sunderland, Chairman Todd Stitzer, CEO, Director |
Products | See below |
Revenue | £7,427 million (2006) |
£909 million (2006) | |
£1,165 million (2006) | |
Number of employees | 59,000 |
Website | www.cadburyschweppes.com |
Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, United Kingdom. However, it does not manufacture Schweppes beverages for Brazil, Hong Kong, Ireland, New Zealand, Romania or the United Kingdom, having sold its trademarks there to The Coca-Cola Company, nor is it manufactured in Poland, having sold its trademarks there to PepsiCo. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its subsidiary company Green & Black's.
Overview
Schweppes
Johann Jacob Schweppe (born 1740 in Witzenhausen, Hessen, Germany; died 1821 in Geneva), watchmaker and silversmith of German descent, developed a method to charge water with carbon dioxide gas. Schweppe patented this method in 1783, some time after Joseph Priestley first discovered a method of impregnating water with carbon dioxide. Carbonated water was originally produced for medical usage. In 1788 he settled in Switzerland. In 1790 he founded a factory to produce soda water in London's Drury Lane.
Cadbury's
Independently, in 1824, John Cadbury began vending tea, coffee, and (later) chocolate at Bull Street in Birmingham in the UK and sometime in India and Pakistan. The company was then known as Cadbury Brothers Limited.
After John Cadbury's retirement, his sons, Richard and George, opened a major factory in the purpose-built suburb of Bournville, four miles south of the city.
After World War I, Cadbury Brothers Limited undertook a financial merger with J.S. Fry & Sons Limited.
Merger
The two companies merged to form Cadbury Schweppes in 1969. Cadbury also operates factories in Dublin (Ireland), Dunedin (New Zealand), Port Elizabeth (South Africa), Ringwood (Melbourne, Australia) and Claremont (Tasmania, Australia).
Domestic and International Subsidiaries
- United Kingdom: Cadbury UK also owns Trebor Bassett, Fry's, Maynards, and Halls. As of August 2004, Cadbury Trebor Bassett has eight factories and 3,000 staff in the UK.
- Canada: Cadbury Beverages Canada Inc., based in Mississauga, Ontario is the company's Canadian subsidiary for beverage related products while Cadbury Adams is the company's Canadian confectionery subsidiary, based in Toronto. Most brands and products match those in the UK; the chocolate bar line was rebranded in late 2005 to the UK-standard purple wrapper theme.
- United States: The Cadbury Schweppes company's presence in the United States consists of the beverage unit Cadbury Schweppes Americas Beverages, and confectionery unit Cadbury Adams. Although Cadbury Schweppes chocolate products have been sold in the U.S. since 1988 under the Cadbury trademark name, the chocolate itself has been manufactured by Hershey's and can be found in Hershey's chocolate stores.
In May 2006 Cadbury Schweppes announced that it would be outsourcing its transactional accounting and order capture functions to Shared Business Services (SBS) centers run by a company called Genpact (a businesses services provider) in India, China and Romania. This was to affect all business units and be phased with US and UK functions being transferred to India by end of 2006 and all unit transferred by mid 2008. Depending on the success of this move other accounting functions and Human Resouces shared centers may follow. This move is likely to lead to several hundred job losses worldwide.
Demerger
In March 2007, it was revealed that Cadbury Schweppes is planning to split its business into two separate businesses: one focusing on its main chocolate and confectionery market; the other on its US drinks business.[1] It is speculated that the split could dramatically increase Cadbury's value, from its current market value of about £12600 million (about 24400 million USD), to up to an estimated £16000 million combined value (about 31000 million USD).
Products
Cadbury Schweppes produce beverages, chocolates and sweets/candies such as the popular "Dairy Milk".
References
See also
External links
- Cadbury-Schweppes brands
- Companies established in 1969
- Chocolatiers
- Companies based in London
- Confectionery companies of the United States
- Beverage companies of the United States
- Food manufacturers of the United Kingdom
- Breweries and beverage companies of the United Kingdom
- Companies listed on the London Stock Exchange
- British brands