Summary
BUMPER sales of Dairy Milk could not offset a fall in profits at Cadbury Schweppes last year as hefty restructuring charges and troubles at 7-Up took the fizz out of the bottom line.
The world's largest confectioner is digesting last year's GBP 2.5 billion acquisition of US gum maker Adams at the same time as shutting one-fifth of its factories to cut costs, but new chief executive Todd Stitzer is confident his shake-up will deliver savings of GBP 75 million this year.See the full content of this document
Extract
Charges Hit Cadbury Profits
Its Americas beverages arm was hit by Pepsi Bottling's decision to stop distributing 7-Up in the US, sending divisional profits d...
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