USA: Mondelez International to acquire majority stake in Vietnam’s Kinh Do Corporation
In a move designed to strengthen its position in Asia Pacific, Mondelez International has announced the acquisition of an 80% stake of Kinh Do Corporation’s snack business in Vietnam for $370 million. Mondelez said it would leverage Kinh Do’s manufacturing capabilities and comprehensive distribution network, as well as adding well-loved brands include Kinh Do mooncakes […]