Hot Chocolate Wars
Employees use their dexterity to place tiny chocolate balls onto a tray of individual pralines fresh off the production line at the Lindt & Spruegli AG confectionary plant in Kilchberg, Switzerland, on Tuesday, July 29, 2014.
Lindt’s purchase of Russell Stover Candies Inc., announced July 14, will give it 7.4 percent of the U.S. chocolate confection market, mostly at the high end, Bloomberg News reported.
Nestle SA typically seeks to be first or second in all its businesses, yet isn’t even close in the U.S. chocolate candy market, where the Swiss company is dwarfed by Mars Inc. and Hershey Co. When No. 3 Lindt & Spruengli AG completes its planned purchase of Stover, Nestle will fall even deeper into fourth place.
Photographer: Philipp Schmidli/Bloomberg
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