date:Jul 15, 2014
Mondelez International plans to separate off its European cheese and grocery business in order to focus on its fast-growing snack business, according to reports.
The new unit will include brands such as Philadelphia and regional favourites, Sottilette and El Casiero, and will have around $1.4bn in sales. The unit will function independently and will be headed by a President who will report to the President of Mondelez Europe.
The move comes just months after Mondelez agreed to split off its c