Mondelez Details Strategy for U.S. Growth
Shares of Mondelez International were lower Wednesday as the snack manufacturer detailed its U.S. growth strategy after it abandoned its bid for Hershey.
Shares of Mondelez International (MDLZ) - Get Report were lower Wednesday as the snack manufacturer detailed its U.S. growth strategy after it abandoned its bid for Hershey (HSY) - Get Report . Mondelez said that it plans to bring its Milka Oreo chocolate bars to the U.S. The company hopes that the Oreo cookie with Milka chocolate will take a bite out of the $14 billion U.S. chocolate market. It is also expanding its Green & Blacks products in the U.S. premium segment. Mondelez is also hoping to expand its e-commerce operations with the goal of generating approximately $1 billion in revenue in 2020.
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