One of the oldest and most renowned confectionery companies in the world, Cadbury, has a rich and fascinating history. The company, which was originally known as Cadbury's and later as Cadbury Schweppes, is a British multinational confectionery corporation that is now a subsidiary of Mondelez International.
The tale of Cadbury began in 1824 in the vibrant city of Birmingham, England, when a Quaker named John Cadbury started his venture. With a passion for tea, coffee, and drinking chocolate, John Cadbury laid the foundation of what would become a global empire of sweetness.
Cadbury's journey was not a solo endeavor. His brother Benjamin joined him, and together they steered the company, known as "Cadbury Brothers". Their most notable innovation was the introduction of a chocolate bar in 1849, competing with Fry's Chocolate Cream that had been introduced two years earlier.
The Cadbury enterprise was not just a business; it was a family legacy. John Cadbury's sons, Richard and George, took over the business when it was on the brink of decline. The brothers managed to turn the business around by focusing on quality and innovation.
In a bid to expand and diversify, Cadbury merged with J. S. Fry & Sons in 1919 and Schweppes in 1969. This saw the birth of Cadbury Schweppes, a name that stayed until 2008.
Cadbury products include Cadbury Dairy Milk, Dairy Milk Silk, Bournville, Temptations, Perk, Eclairs, Bournvita, Celebrations, Gems, Bubbaloo, Cadbury Dairy Milk Shots, Halls, Bilkul, Tang, and Oreo. It is the Indian market leader in the chocolate confectionery business with a market share of over 70%.
Today, Cadbury operates in more than 50 countries worldwide. Its head office is located in Greater London, England. Cadbury is the second-largest confectionery brand in the world, after Mars.
In 2023, Cadbury's brand value is $3.83 Billion (Rs 31,900 crore), compared to $2.60 Billion (Rs 21,600) in 2022, according to a new report into the world's most valuable food and non-alcoholic drink brands from Brand Finance.
As of February 2024 Mondelez International has a market cap of $101.32 Billion.
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1moDoes anyone still read readers digest?