Food Industry

The candy maker is pairing peanut butter with the salty snack, and Talenti is turning to bakery items as its latest ice cream flavor inspiration.

The restructuring, which includes the elimination of the company’s chief commercial officer role, comes as the company has faced two major recalls since 2023.

Costs could soon come down, however, as farms report fewer bird flu outbreaks and wholesale prices decrease.

The mushroom-based ingredients maker said its latest product can amplify caramel and citrus flavors while masking undesirable ones.

The snacks maker said the investment will help its goal of becoming the top chocolate company by 2030 and further grow Toblerone within the premium space.

Most countries will be subject to a 10% baseline tax in the interim, prompting the E.U. to halt retaliatory tariffs against the U.S. in response. 

In other beverage news, Diageo is spicing up its Captain Morgan canned malt cocktails with four ‘sweet heat’ flavors.

The facilities in Ontario and Nevada are expected to close by the end of the year.

The facility, capable of producing 1.5 million of the candies per day, will help the company meet growing demand for the nostalgic treat.

Before the expansive levies were announced, spending power was already weakened by high prices and rising debt, analysts say.