UK discount apparel chain Primark plans to fight to close a recently opened copycat store in Dubai, which bears its name and purports to sell its branded goods, the company said. "Primark does not operate any stores there and this is not, therefore, a legitimate Primark store."
Wedel, Poland's oldest chocolate company, is on the market and industry experts say that Nestle looks to be the most likely candidate for acquiring the business. Kraft Foods is selling Wedel to comply with EU competition rules in its purchase of Cadbury. There are six companies in the running to buy the Polish business, including Hershey, but experts say Nestle is the strongest contender because of its presence in Eastern Europe and desire to expand its reach there.
Hodo Soy Beanery, maker of organic soy milk, tofu and ready-to-eat soy products, has tapped John Scharffenberger as CEO. The co-founder of Scharffen Berger Chocolates was an adviser and board director at Hodo, and plans to expand distribution.
Hershey announced it will spend as much as $300 million to update facilities in Hershey, Pa., as part of a plan aimed at saving $80 million a year. The announcement comes after union members approved a contract that will cost hundreds of workers their jobs as production moves out of a factory that is more than 100 years old.