Latest news with #Snickers
Entrepreneur
4 hours ago
- Business
- Entrepreneur
Mars Brands Made in US, Investing Billions in Factories
The candy-maker has created 9,000 jobs over the last five years with its investments, according to a new report. The maker of popular candies and gum, including M&M's and Milky Way, is investing $6 billion in U.S. factories. The Wall Street Journal reports that $2 billion of the six will be invested in the next 18 months with a focus on scaling new businesses, including building a new factory for Nature's Bakery. (Mars brand Kind, which was founded by "Shark Tank" investor Daniel Lubetzky, acquired Nature's Bakery in 2020.) Mars CEO Poul Weihrauch posted on LinkedIn Tuesday that 94% of Mars products sold in the U.S are "produced locally in the U.S." The company also said it has created 9,000 jobs over the last five years with its investments. Related: Daniel Lubetzky Took Kind Snacks From Idea to $5 Billion. Here's His Best Advice For Anyone Who Wants to Start a Business. Related: Meet the World's Secretive Billionaires Who Give Stealth Wealth a Whole New Meaning, from Ike Perlmutter to Philip Anschutz The investment will stretch across the company's many products and brands, which also include Pringles, Snickers, and Pedigree pet food. "We're convinced about the long-term strength of the American consumer," Claus Aagaard, Mars' chief financial officer, told the WSJ. Mars is a private, family-owned business headquartered in McLean, Virginia. The Mars family reportedly has a net worth of $117 billion. Forbes ranked them the No. 2 richest family in America in 2024 behind the Walton family (Walmart). Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.
Epoch Times
4 hours ago
- Business
- Epoch Times
Mars to Invest $2 Billion in US Manufacturing
If you have a sweet tooth, be on the lookout for more of America's favorite snack foods as Mars just announced its investment of $2 billion into manufacturing in the United States through 2026. The global leader famous for candy brands such as M&M's, Snickers, Twix, Skittles, and Starburst, plans to enhance its U.S. manufacturing to increase capacity and continue building its diverse portfolio of brands.
Miami Herald
a day ago
- Business
- Miami Herald
Iconic candy bar launches 3 new flavors to win back customers
In 2023, households across the country spent an average of $164 on candy and chewing gum, which is 31.2% higher than in 2022, and a staggering 86.4% more than in 2013, according to Bureau of Labor Statistics. This doesn't just suggest that Americans are eating more candy; rather, it suggests that the price of sweets has dramatically increased, driven by inflation, higher labor costs, and other factors. Don't miss the move: Subscribe to TheStreet's free daily newsletter Over the last few years, consumers have been raising concerns about candy companies' new trend of shrinking packages and raising prices. One post on Reddit from two years ago reveals an image of a piece of tiramisu, with the consumer saying that the price for the piece is close to the cost of the entire cake. Despite rising costs and new health trends among younger generations, the U.S. candy market is not subsiding. It was valued at $16.3 billion in 2023 and is expected to grow to $23.2 billion by 2032. After all, there's nothing more comforting than your favorite candy. Especially that first bite after a long craving. For some, it feels like a drug. According to Food Republic, Mars Inc.'s Snickers is the best-selling candy bar in the world. However, it is not everyone's favorite. That's why the candy bar market is constantly evolving, with new treats being launched regularly. Butterfinger is an iconic candy, and its combination of a "crispety, crunchety, peanut buttery" bar dressed with a thick chocolatey layer seems to hit the spot for a large group of sweet tooths. Related: Pepsi copies Coca-Cola to win back health-conscious consumers In 2018, the Ferrero Group, known for legendary brands Nutella, Kinder, Tic Tac, and Ferrero Rocher, acquired Butterfinger for $2.8 billion in cash. Ferrero has a history of innovations and product launches. Just recently, it revealed the first Nutella innovation in over 60 years: Nutella Peanut, which will be available in spring 2026. The brand recently released the Salted Caramel Butterfinger, and some consumers raved about it on Reddit. Several posts on different threads claim that the new candy is far better than any other Butterfinger. Some said they can't wait for the remaining two new flavors to become available. Butterfinger will roll out the new Marshmallow flavor in mid-August, and next year, consumers will be in for a treat with a special French Toast flavor. The Marshmallow flavor is said to include the candy bar's signature crispy, peanut butter-concentrated filling wrapped in a white chocolate coating with a marshmallow flavor. It's basically a familiar and beloved format with a twist. More Retail: Supermarket inflation: Beef prices soar as egg prices fallLevi's shares plan to beat tariffs, keep holiday prices downAmazon's quiet pricing twist on tariffs stuns shoppers According to comments, consumers are most excited about the French Toast Butterfinger flavor set to roll out early in 2026. This just might be a good move for the candy brand to regain customers. After Ferrero took over the Butterfinger from Nestle, many consumers turned away, arguing that the beloved candy bar just didn't taste the same anymore. "They used to be my all time fav candy, but now I don't even like them. I miss the old recipe so much," one consumer wrote on Reddit. Another one didn't comment on the new ones, but expressed nostalgia for the old one that was "unique and replicable." However, as tastes differ, not everyone agrees that the reformulated Butterfinger is inferior to the original. Some buyers even argue that the candy is now better. Related: Target delights shoppers with savings event, 30% discounts "I actually prefer them now that Ferrero took over. They don't have this cloying chemical flavor, the chocolatey coating actually melts, and it doesn't stick in your teeth." When the reformulated Butterfinger was introduced in 2019, it faced considerable consumer backlash, but eventually, it was a success, with sales reportedly improving 17.7%, according to BackThenHistory. However, looking at the myriad of comments, some consumers still crave the original Butterfinger, which means Ferrero has room for improvement to win back those customers. Perhaps these new flavors will do the trick, as consumers will be expecting something brand new rather than something old and familiar. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Scottish Sun
20-07-2025
- Business
- Scottish Sun
Fantastic deals for teachers to take advantage of over the summer holidays
Plus find out which supermarket has Snickers white ice cream bars for less SUN SAVERS Fantastic deals for teachers to take advantage of over the summer holidays Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE kids might be starting their summer holidays but the staff also deserve their break. If you are a teacher about to settle into your summer holiday, make sure you know about these fab deals. We've done the homework for you . . . Sign up for Scottish Sun newsletter Sign up TASTY OFFER: Use your work email address to register for the free scheme, unlocking over 1,500 deals. Nab a free year's Tastecard membership (normally £79.99) for 2-for-1 restaurant meals, plus get 20 per cent off rail travel with TransPennine Express trains, as well as other discounts such as 15 per cent off at Clarks shoes. Teaching assistants, office staff and support workers all qualify, too, so don't miss out. LIGHT WORK: Did you know the Blue Light Card discount scheme has been extended to teachers? For just £4.99 for a two-year membership, you can access serious savings at hundreds of brands. Get 25 per cent off Pizza Hut meals, ten per cent off at Starbucks, 20 per cent off at Wagamama and ten per cent off at Welcome Break KFCs. Plus, you can get discounts at hotel chains such as Holiday Inn and Britannia hotels. A handy tip is to add the free Chrome extension to your browser when shopping online, which will alert you to deals as you shop. BACK TO COOL: The Ode prepaid card gives teachers up to 12 per cent cashback at lots of high street shops. Get five per cent back at Boots and John Lewis, seven per cent at Primark and 12 per cent at Virgin Experience Days. There's no credit check and the first year is free, but only top up if you are about to make a purchase. Get yours at PERK OF THE JOB: The Teacher Perks scheme offers lots of useful deals for teachers this summer. Get back in the gym during the holidays with ten per cent off Nuffield Health membership. Or treat yourself to a meal at TGI Fridays and take 20 per cent off when you dine between Sunday and Friday. Sign up at All prices on page correct at time of going to press. Deals and offers subject to availability Watch as ex-teacher reveals why she quit and doubled her income 7 Make sure you know about these fab deals if you're a teacher Deal of the day 7 Save £15.99 on this Spirit digital watch Credit: supplied STAY on schedule in style with the Spirit digital watch. Was £19.99, now £4, at SAVE: £15.99 Cheap treat 7 Save on Snickers white ice cream bars at Asda Credit: supplied GET a cool deal on Snickers white ice cream bars, usually £2.74, now £1.98 for a pack of four at Asda. SAVE: 76p What's new? IF you love an Aperol Spritz, head to Co-op where members can get a bottle of Aperol and Co-op Irresistible Prosecco for £19 (non-members, £20), saving £10.50. In-store only. Top swap 7 Grab this cool boucle storage bench for £119 at Dunlem Credit: supplied 7 Or order a similar one at for £50 Credit: supplied HIDE away your bedroom clutter in a cool boucle storage bench, £119, Dunelm, or order a similar one at for £50. SAVE: £69 Little helper SKIP the salon and do your own manicure at home with new Mylee fully-cured gel nail wraps, £14, Boots. Peel, press, file and you're good to go for up to 14 days. Shop & save 7 Save £6.06 on this Robert Dyas BBQ Time 14in steel barbecue Credit: supplied FOR small spaces, the Robert Dyas BBQ Time 14in steel barbecue is perfect. Was £9.99, now £3.93. SAVE: £6.06 Hot right now GET a new bargain bikini in the H&M summer sale. Tops start at £7 and bottoms are on sale for £3 each. PLAY NOW TO WIN £200 7 Join thousands of readers taking part in The Sun Raffle JOIN thousands of readers taking part in The Sun Raffle. Every month we're giving away £100 to 250 lucky readers - whether you're saving up or just in need of some extra cash, The Sun could have you covered. Every Sun Savers code entered equals one Raffle ticket. The more codes you enter, the more tickets you'll earn and the more chance you will have of winning!
CNBC
18-07-2025
- Business
- CNBC
Companies could 'take advantage' and raise prices as tariff story plays out, UBS economist says
President Donald Trump's tariff plan can give corporations an easy excuse to up prices, according to UBS. Paul Donovan, an economist at the bank, pointed out that durable goods make up an increasingly large share of imports to the U.S. Durable goods is a term used to describe more pricey, longer lasting items like appliances or furniture. That matters because consumers are less likely to remember the prices of these items when they last bought them several years ago, he said, compared with price tags on groceries or other things they see regularly. Thus, companies should be able to raise prices on these bigger items with less awareness or backlash. "Few people remember the price of an imported washing machine bought five years ago (but vividly recall the price of yesterday's domestic-manufactured Snickers bar)," Donovan wrote to clients. "That makes it easier to pass through trade taxes for durable imports." Plus, Donovan said all this tariff talk has led to a sharp rise in awareness that goods could be getting taxed at higher rates. This can lead to consumers seeing price increases as "inevitable," he said — which can then empower companies to raise them. In other words: "Companies might take advantage of that resignation and pass through price increases with impunity," Donovan said. When Trump instituted tariffs in 2018, Donovan said the levies came amid a period of calm inflation trends that left business concerned consumers would be shocked if they raised prices. Now, with the pandemic inflation story still fresh, the economist said the companies should be able to have more confidence that shoppers wouldn't be caught off guard if prices rose. The unveiling of Trump's tariff plan, which calls for broad and steep levies on several key trading partners, has partially driven market action of recent months. While stocks initially cratered after Trump shared his policy, the equity market recovered losses after many of the most severe taxes were put on pause.
