日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

 
 
 

當前位置: Language Tips> 新聞播報

Hershey hits sweet spot with deal for China confectionery Golden Monkey

中國日報網 2013-12-20 10:16

 

Get Flash Player

Download

The Hershey Co, North America's largest quality chocolate producer, has announced plans to acquire 80 percent of snack producer Shanghai Golden Monkey Food Joint Stock Co.

The acquisition will be done through Hershey Netherlands BV, a wholly owned subsidiary. It's expected to be completed in the second quarter of next year, subject to approval from Chinese regulators and shareholders.

Terms of the transaction weren't disclosed, but Hershey said it will make a cash payment for the stake. Golden Monkey (SGM) will operate as a stand-alone business, and its senior management team members will retain their roles.

"SGM is the type of business we've been focusing on for potential M&A. It fits Hershey's acquisition criteria: It is located in our primary international market, China; it is a pure play confectionery and snacks company; and it has distribution into channels where Hershey products have yet to penetrate," said Humberto Alfonso, president of international operations at Hershey.

"Additionally, the company has a strong history of innovation and product quality as evidenced by the outstanding reputation of its core brand, Golden Monkey, which has been nationally recognized as one of China's most iconic brands.”

Rumors of the acquisition began to circulate about one year ago.

Zhao Qisan, founder, chairman and general manager of SGM, said, "Hershey and SGM have similar cultures and strategies related to the building and selling of brands, and we're pleased that a company of Hershey's stature sees the potential in our great company.”

Industry insiders said the acquisition will help SGM integrate its businesses, explore more distribution channels and improve marketing.

Hershey's sales totaled about $7 billion in 2012. The privately owned SGM has seen double-digit growth in its net sales this year, which may reach $225 million.

Statistics from market research firm Euromonitor International show that Hershey has been selling mainly chocolate products in the Chinese mainland, with just a 2.2 percent market share in 2012. Competitor Mars Inc held a 43 percent market share.

Questions:

1. What is Hershey Co’s plan for China?

2. What will happen to Golden Monkey’s business?

3. What is Hershey’s market share in China?

Answers:

1. The chocolate producer will acquire 80 percent of snack producer Shanghai Golden Monkey Food Joint Stock Co.

2. Golden Monkey (SGM) will operate as a stand-alone business, and its senior management team members will retain their roles.

3. 2.2 percent market share in 2012.

(中國日報網英語點津 Helen 編輯)

Hershey hits sweet spot with deal for China confectionery Golden Monkey

About the broadcaster:

Hershey hits sweet spot with deal for China confectionery Golden Monkey

Nelly Min is an editor at China Daily with more than 10 years of experience as a newspaper editor and photographer. She has worked at major newspapers in the U.S., including the Los Angeles Times and the Detroit Free Press. She is also fluent in Korean.

 
中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883561聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。

中國日報網雙語新聞

掃描左側二維碼

添加Chinadaily_Mobile
你想看的我們這兒都有!

中國日報雙語手機報

點擊左側圖標查看訂閱方式

中國首份雙語手機報
學英語看資訊一個都不能少!

關注和訂閱

本文相關閱讀
人氣排行
搜熱詞
 
 
精華欄目
 

閱讀

詞匯

視聽

翻譯

口語

合作

 

關于我們 | 聯系方式 | 招聘信息

Copyright by chinadaily.com.cn. All rights reserved. None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited. 版權聲明:本網站所刊登的中國日報網英語點津內容,版權屬中國日報網所有,未經協議授權,禁止下載使用。 歡迎愿意與本網站合作的單位或個人與我們聯系。

電話:8610-84883645

傳真:8610-84883500

Email: [email protected]

主站蜘蛛池模板: 精品欧美高清一区二区免费 | 黄色三级在线观看 | 亚洲午夜在线观看 | 999精品久久久 | 亚洲精品国产电影 | 日日夜夜天天人人 | 亚洲欧美无人区乱码 | 欧美成人免费全网站大片 | 91伊人久久大香线蕉 | 成在线人视频免费视频 | 精品a级片 | 二区精品视频 | 污版视频在线观看 | 91在线中文 | 国产午夜亚洲精品一区 | 日韩精品一区二区三区 | 日本黄色视 | xxxx亚洲 | 亚洲啊v在线观看 | 亚洲日本人成中文字幕 | 中文字幕第一页在线 | 懂色中文一区二区三区在线视频 | 亚洲国产专区 | 欧美大片一区二区 | 欧美特一级片 | 亚洲日本在线观看视频 | 久久久蜜桃 | 国产视频首页 | 久99久视频 | 亚洲人成网站在线播放观看 | 亚洲视频区 | 激情黄视频 | 国产午夜精品久久久久小说 | 看一天影院 理论片 | 国产免国产免费 | 最新的黄色网址 | 日韩中文在线 | 欧美成a高清在线观看www | 艳妇荡乳豪妇荡淫 | 天堂最新资源在线 | 欧美电影网 |