Cadbury owner back in black, but covid cautious

Wed, 15 Jul 2020

Cadbury-owner Mondelez New Zealand is tightening its belt as it braces for the coming downturn, despite coming through the covid-19 lockdown in good heart. The Kiwi arm of the food giant raced around the clock to keep supermarkets stocked during the five-week lockdown, getting a strong sales boost in the June quarter. However, it's got one eye on the looming recession, and is putting off projects and cutting expenses in preparation. "What we had to do was take a look at our back-half plan, and make a choice to simplify,&rdquo...

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