Kraft Foods, which had recently taken over Cadbury is planning to move its offices to UK. The company is also planning to move its research, development and headquarters in the United Kingdom. These changes will take place over the next 18 months.
The Company already manufactures leading brands like Dairy Milk, Toblerone and Green & Blacks. It plans to establish its global research and development center in Bourneville.
The company aims to integrate employees from Cadbury and Kraft to make a global ‘Centre of Excellence’.
Kraft, the maker of Oreo cookies, became the world's biggest confectioner with Chief Executive Officer Irene Rosenfeld's purchase of Cadbury, thereby clinching leading position in emerging markets.
The fourth- quarter profit of Kraft Foods Inc. more than tripled as business improved in developing markets on price hikes, also increasing sales outside the U. S.
Net income rose to $710 million from $178 million and total revenue climbed 3.2%to $11 billion.
The fate of Cadbury as a proudly independent confectioner, and the security of hundreds of jobs in the UK and Ireland, may hang on critical decisions taken this weekend by two towering figures in the stock-picking world: American billionaire investors Warren Buffett and Nelson Peltz.
Two months after Kraft publicly declared its proposed bid for Cadbury Plc. now worth about $16.36 billion -- Kraft Foods Inc. Chief Executive Officer Irene Rosenfeld faces a Monday deadline to decide whether to proceed with a formal offer or walk away for at least six months.
Cadbury is likely to receive a hostile bid from Kraft Foods, pricing the British confectionery business at about 11 billion pounds ($17.4 billion pounds).
A recent report by a well-known newspaper has specified that, this week, Britain's takeover panel is readying a deadline for Kraft to put a firm offer on the table or walk away for at least six months.
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