Mondelez International, Inc. (stylised as Mondelēz; )[3] is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago.[4] Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries.[5] It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.[6]
The company has its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise has operated since 2012 when Kraft Foods Inc. was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods Group, which 3 years later merged with Heinz to form Kraft Heinz. The name Mondelez is derived from the Latin word mundus ("world") and delez, a derivative of the word "delicious".[7][8][9]
Mondelez manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar components, among them cookie, cracker, and candy brands TUC, Nabisco (manufacturers of Belvita, Chips Ahoy!, Oreo, Ritz, Triscuit, Wheat Thins, etc.), LU, Sour Patch Kids, Barny, and Peek Freans; chocolate brands Milka, Côte d'Or, Toblerone, Cadbury, Green & Black's,
Mondelez Canada holds the rights to Christie Brown and Company, which consists of brands such as Mr. Christie, Triscuits, and Dad's Cookies. Its head office is in Toronto, Ontario, with operations in Brampton and Hamilton, Ontario, and Montreal, Québec.
History
Kraft
Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Edward E. Rieck and Thomas H. McInnerney. The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry.[11]
In 1924, Kraft Cheese Company was founded and was listed on the Chicago Stock Exchange.[12] Two years later, it was listed on the New York Stock Exchange. In 1928, it acquired Phenix Cheese Company, the maker of a cream cheese branded as Philadelphia Cream Cheese, founded by Jason F. Whitney Sr. and the company changed its name to Kraft-Phenix Cheese Company.
In 1930, National Dairy acquired Kraft Phenix. After the acquisition, the combined company retained the National Dairy name and management, though the Kraft Phenix side of the company continued to operate largely independently.[12]
Corporate affairs
The headquarters is located in Fulton Market, in Chicago, Illinois.[48] In 2020, the company announced that the headquarters was moving from suburban Deerfield, Illinois to Chicago.[49] Mondelez' North American headquarters was then established in East Hanover, New Jersey, U.S., and a global innovation center was opened in 2023 in nearby Whippany, also in Morris County, New Jersey.[50]
Finances
For the fiscal year 2017, Mondelēz International reported earnings of US$2.922 billion, with an annual revenue of US$25.896 billion, a decline of 0.1% over the previous fiscal cycle.[51] Mondelēz International's shares traded at over $42 per share, and its market capitalization was valued at over US$58.8 billion in October 2018.[51] In the first quarter of 2020, due to COVID-19 lockdowns and people stocking up with sweets, the company's sales grew by 15% in North America, increasing its overall revenue by almost 3%.[52]
Brands
Mondelez International brands (formerly Kraft Foods Inc.) includes brand-name products that are developed, owned, licensed, or distributed by Mondelez International. The company's core businesses are snack foods and confectionery. In certain international territories, Kraft-branded products have been made by Mondelez under license from Kraft Heinz Company since 2012.
Controversies
Deforestation
In September 2017, an investigation[54] conducted by NGO Mighty Earth found that a large amount of the cocoa used in chocolate produced by Mondelez and other major chocolate companies was grown illegally in national parks and other protected areas in Ivory Coast and Ghana.[55][56][57] The countries are the world's two largest cocoa producers.[58][59]
See also
External links
References
- Our history Mondelez International^
- US SEC: 2025 Form 10-K Mondelez International U.S. Securities and Exchange Commission, February 4, 2026, retrieved February 6, 2026^
- Michael J. De La Merced. Kraft, 'Mondelez' and the Art of Corporate Rebranding