Mondelez International Inc. (MDLZ:US), the snacks and coffee business spun off from Kraft Foods Inc., may divest some products as it seeks to streamline its range.
“We do continuously review our portfolio,” Tim Cofer, head of Europe at Mondelez, said today at a press briefing in Zurich, without providing details.
Mondelez has too many products and the company will pursue a “simplification agenda,” which also includes the sourcing of raw materials, according to Cofer. The company may also look for “external opportunities,” he said, without elaborating.
Mondelez this month agreed to buy Italy’s Vitasnella snack unit from Paris-based Danone SA. The original Kraft Foods Inc., founded in 1909, has become two companies -- Mondelez International and Kraft Foods Group, the North American grocery enterprise.
To contact the reporter on this story: Dermot Doherty in Geneva at firstname.lastname@example.org
To contact the editor responsible for this story: Celeste Perri at email@example.com