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Fri December 20, 2013
Hershey Buys Chinese Chocolate Company For $584 Million
Originally published on Fri December 20, 2013 11:13 am
DAVID GREENE, HOST:
Nothing like a story about pizza to make you hungry. And then we bring you this, our last word in business, which is: Shanghai Golden Monkey. That's the Chinese candy maker that Hershey bought yesterday for almost $600 million.
STEVE INSKEEP, HOST:
Hershey is not monkeying around. It may hold the largest share of the U.S. chocolate market, but only a small share of candy sales overseas.
GREENE: Now it gains a whole range of new confections. Shanghai Golden Monkey's big sellers go way beyond Hershey's traditional milk chocolate.
INSKEEP: The Wall Street Journal reports that its Munching Monkey brand dried tofu snacks come in both fragrant numb and spicy flavor.
INSKEEP: That's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.
GREENE: And I'm David Greene. Transcript provided by NPR, Copyright NPR.