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Acquisiton Apr, 18 2014

Cadbury India to become Mondelez India soon

After its parent company Mondelez International.

By Franchise India Bureau
Cadbury India to become Mondelez India soon

Cadbury India will soon be renamed as Mondelez India after its parent company Mondelez International which had acquired Cadbury Plc globally in 2010 stated a media report.

The move is expected to coincide with the company moving out of its iconic headquarters 'Cadbury House' at Peddar Road in Mumbai in June this year.

Cadbury House and the accompanying Bournville Apartments where the company's top officials reside were sold to diamond merchant Dilip Lakhi for under Rs 400 crore late last year.

Commenting on the same, Manu Anand, Managing Director, Cadbury, India, said, “It wouldn't clash with the popularity of its household brands such as Cadbury Dairy Milk, 5-Star, Gems and now Tang and Oreo. Mondelez is the new corporate identity for the erstwhile Kraft Foods after a restructuring two years back. The Indian arm is now following suit.”

Related: Pride Hotels Acquire Sun Village, Goa

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