Premier Foods Renews Cadbury License
08 May 2017 - 4:49PM
Dow Jones News
LONDON--Premier Foods PLC (PFD.LN) said Monday that it has
renewed its license to produce and market Cadbury branded cake and
ambient dessert products.
The company has signed heads of terms for a strategic global
partnership with Mondelz International (MDLZ) to renew the license.
The new license is expected to run until 2022 and includes an
option for Premier Foods to extend it to 2025.
Under the new licensing agreement, Premier Foods will produce
and market Cadbury products for 46 countries. No commercial terms
of the agreement were disclosed.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
May 08, 2017 02:34 ET (06:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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